🚨Market Update - 👀
Yesterday I mentioned how the Previous Month Low for Bitcoin ($59.1k) was a key level to reclaim before the end of the day. Looking at the 12 hour chart, we can see a strong rejection came from the attempt to reclaim. Right now we are seeing indecision on BTC and it is chopping between $57k and $58k.
Once we get a daily close back above $59.1k, giving acceptance back into the 2 month range, we can have more confidence that the local bottom is in. Until then we have a lot of liquidity building below which I am interested in. For now let's see how the price action develops.
