🚨 Market Update - 👀
After yesterday's post CPI volatility Bitcoin gave a strong reaction exactly from $55.6k (DM VAL.) Right now we are seeing indecision again at $58k, which has been resistance all week. We did have a 4 hour candle close just above $58.1k (Monday High) but this was not a convincing close and the price is now chopping around that level.
The main resistance and liquidity, which has not been swept yet, is in the $58.6k area where we have the 4hr EMA200 and DM VAH. Acceptance above this level then we could see a push towards $59.8k. If we keep rejecting $58k then I am looking back towards $56.5k.
