🚨Market Update - 👀
A very strong performance from Bitcoin yesterday thanks to poor US economic data. Yesterdays daily candle accepted back into the range, with a close above the range low of $61.2k. Right now BTC is sitting around a big resistance level- The Weekly Open ($63.1k) as well as downtrend resistance which has been in place for almost one month.
If we close a 4 hour candle above this, we could see continuation. But if this level is rejected, there are many levels below, all the way down to $60K, which have not been retested after yesterdays move up.
