šØ Important Market Update šØ
Bitcoin is showing positive response from the $64.5k level once again this morning. However, my focus is on the 12-hour chart, as the upcoming 12-hour close is approaching. Yesterday's downward movement led to acceptance below the Previous Week Low ($66.4k) and the 12-hour order block (highlighted in red).
Currently, $66.4k serves as a resistance level. If we see acceptance above this level, it's probable that we'll retest the Monday Low (around $68k) before any further downward movement. Conversely, if $64.4k remains resistant, I still consider the possibility of a test in the lower $60k range.
#MarketAnalysis #CryptoUpdates #RayhanBros $BTC
