LIVE#Bitcoin did an amazing job holding the monthly open despite the selling pressure, and the weekly open yesterday as volatility was ramping up ahead of CPI. This chart looks really good especially for the macro range, which I will cover another time where it is more favorable. Will stay low timeframe for now.
The breakout we got led us to the $BTC $66k area relatively quick. I think price gets a good retracement to the April 2021 ATH and this will mark a flip of resistance into support. This confirmation would be ultimate confirmation of higher prices coming, so I will keep an eye. If the chart plays out differently, I will contemplate this just being a retracement into the range before more movement lower.
Follow the daily watchlist for today and I will come back and update the macro chart another time!
