Market Update -
Before the weekly close Bitcoin started to break down, losing the range lows at $43.5k. The 4 hour demand left behind before last weeks breakout, at $43k $42.6k, has provided a bounce so far. However, it is no surprise to see the range low area which had been giving support for a number of days has now flipped to resistance.
$43.3k-$43.5k is resistance for now- a 4 hour close above this and we can look for continuation back towards the highs. Any 4 hour accceptance under $43k and I will look for a reaction closer to the Value Area Low.
If you are celebrating Christmas Day today, have a great one!
