So, $BTC decided to move down without filling 71K level As you can see - US market opened - #SPX goes down - #Gold down - #VIX pumping - $BTC immediately following also downwards
#BTC price levels to look for a bounce / or short term long positions are: 64.8K 61.5K 58.3K
If we go to Weekly TF , we can see that BTC is about to break the resistance zone.
For bullish trend continuation, we need to see W or D close above 72700$
In this case #Bitcoin will be in a new ATH price Discovery
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#BTC had a nice run up and currently facing a resistance at 66676$
1. For bullish trend continuation we should see BTC breaking up above the resistance at H4 , in this case the price will pump until next resistance zone at 70887$.
2. Otherwise, high chances to see BTC testing support zone at around 64482 - 63474, where we can look for long position.
3. Bearish scenario would be if BTC closes below 63400$ on H4 TF, in this case BTC may test one of lower levels again: 60508, 59026, 57246
#BTC had a nice run up and currently facing a resistance at 66676$
1. For bullish trend continuation we should see BTC breaking up above the resistance at H4 , in this case the price will pump until next resistance zone at 70887$.
2. Otherwise, high chances to see BTC testing support zone at around 64482 - 63474, where we can look for long position.
3. Bearish scenario would be if BTC closes below 63400$ on H4 TF, in this case BTC may test one of lower levels again: 60508, 59026, 57246
So far I see strength and if today's D close won't be below 61500$, then #BTC will continue its uptrend until next resistance levels that I mentioned about before.