🚨 Market Update - 👀
Bitcoin was unable to hold on to $63.5k (Prev Week Low) as support yesterday, and this has seen a further move down into $61k. This was a possibility that I mentioned a couple of days ago.
We have now lost the 4 hour range lows of $62.5k, so I expect this could become an area of resistance on any retest this weekend. $62.5k is a level we really want to see reclaimed at the weekly close, or we have an increased chance of further downside next week. After such a big move in recent days, I think we will most likely see low volume for the next 24-36 hours.
