‼️Quick Market Update ‼️
Bitcoin is reacting well from $64.5k again so far this morning. However, I am paying attention to this 12 hour chart, with the next 12 hour close a few hours away. Yesterday's move down saw acceptance below the Previous Week Low ($66.4k) and 12 hour order block (Highlighted in red.)
$66.4k is now resistance, but if we get acceptance back above this then I think we would likely retest the Monday Low ($68k area) before testing any lower. If $64.4k continues to act as resistance then I still do not rule out a test of the lower $60K area.