We have seen nearly a full week of slow and boring sideways action with BTC. I've had zero interest in the market all week as we were watching to see if the bulls could test the daily lower high up at $3766. After several days of minimal movements, we saw the bulls make a push this morning up to $3658 and are now consolidating back down from there into the range we have been in pretty much all week of 3500-3600. Bears would be comfortable with $3658 being the high of this move as it allows for just another lower high on the daily and then they can attempt to push BTC back towards $3400s to try and break the support levels there with them ideally pushing it to $3129, our low of this bear market. Bulls on the other hand, if this is a lower high on daily and we see consolidation over weekend, really need to see it hold above $3425 for a higher low and then push for a higher high to begin changing the trend to the bulls favor. Back to a game of patience as bullish traders and trading against the overall trend still. So my key levels currently are $3766 & $3658 resistance, $3510 & $3425 support.
Just My 2 Sats!
Just My 2 Sats!
