๐ŸŒŸ๐Ÿ’ซ๐ŸŒŸ $btc - 60k on the table? As highlighted yesterday, the weekend pattern remains consistent. We see a big move on Friday / Saturday, trapping late leveraged traders. Then, a push in the opposite direction Sunday / Monday.



So far, Bitcoin is doing exactly what we expected. Trapping late longs while sweeping the weekly liquidation. My expectation is to see further downside / sideways chop today. With an increased chance of recovery tomorrow or Monday to local resistance at 67k.

We also cannot rule out the possibility of 60k, with all that macro liquidation hanging out there. However, I feel like a relief rally to ~67k makes more sense on the short-term. As RSI's are overextended and LTF liquidation just got hit pretty hard.

There's also a CME gap at 65.8k. Resistance = 65.5k-67k (SMA's, Open Interest, POC) Support = 63-64k Local range lows
$BTC โ€Œ
BTC-0,66%
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