Market Update -
#Bitcoin(BTC) surged to another All-Time High yesterday, surpassing $70000, followed by a rapid sell-off. However, there was a robust buyback from the $66000 area.
Last night, we saw some deviation above the Monday High $68600, but the daily close remained below this level.
Currently, the price is slowly grinding upwards, with $67700 serving as support and $68600 as resistance. We're awaiting a clear break of either level for better confirmation on the next direction.
If Bitcoin closes a candle above $69,200 (not $69,777) with high volume, I'll initiate a long position with a first target of $75k. Feel free to use this information for your analysis.
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