Market Update -
The
#trendline I highlighted in the previous update played a crucial role in yesterday's price action.Notice Once broken, the retest around $64700 offered the most significant move over the weekend.
Currently, it appears that the price is holding strong above $60k, establishing a solid consolidation level. I'm eagerly awaiting a breakout above $69k (2021 ATH). Once this level is confirmed as support, we could witness the next leg up. Let's observe how the Monday Range unfolds.
Additionally, it's worth noting a
#CME gap around the $63600 area, suggesting a potential move to fill this gap. I still have a buy order set between $59k and $60k to see if this scenario materializes. A close above $72k would make me very bullish.
Thankyou.