$BTC Technical Analysis;
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Here are the key points from your update:
- The market situation is generally neutral, with the possibility of a bullish breakout.
- Bullish momentum on Friday morning dissipated over the weekend.
- Key levels to watch are 65,000 for bullish scenarios and 63,000 for bearish scenarios.
- Altcoin portfolios may have seen gains due to weakening Bitcoin dominance.
- Weekend volume and momentum are unreliable.
- Saturday saw low volume, down 35% from the previous day.
- Yesterday, momentum increased, open interest rose, and positions were opened, but open interest decreased later, and prices dipped slightly.
- The Cumulative Volume Delta (CVD) remains neutral, suggesting a mix of long and short positions being closed.
- Shorts are closing, possibly anticipating more bullish momentum.
- A bullish structure or reversal may be forming on the 1-hour timeframe.
- Confirmation is crucial: breaking above 66,000 or below 64,000.
- Expect high volatility due to low volume, making prices more susceptible to moves.
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