Testing the monthly open after reclaiming it, this is a key level if we’re going to see continuation toward 71K+. Right now there’s a lot of compression around 70K. It feels like liquidity is building before the next decisive move. If we fail to hold the monthly open, a retest of 65K looks likely, and that level ideally needs to hold for bullish continuation. Anything below 65K opens the door to 62K and potentially lower.
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$BTC
Testing the monthly open after reclaiming it, this is a key level if we’re going to see continuation toward 71K+.
Right now there’s a lot of compression around 70K. It feels like liquidity is building before the next decisive move.
If we fail to hold the monthly open, a retest of 65K looks likely, and that level ideally needs to hold for bullish continuation.
Anything below 65K opens the door to 62K and potentially lower.