Snowball Daily Market Update -

Bitcoin has once again failed to close above the $69,100 area (2021 high) on the daily chart. Bitcoin fell more than 5% from yesterday's high after the US government began transferring BTC. Monday's low ($66,365) currently holds as 4-hour support. As long as this level holds, Bitcoin has the potential to retest $68,200 (weekly open). With a daily close below $66,365, the likelihood of a further retracement increases.

Our Monday range for this week is $66,365 - $70,000.

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