Bitcoin has broken out from the two week long 4H downtrend and also gained 4H acceptance above $64K, Monday’s High.
There has not been strong follow through yet, but every 4H close since has kept $64K intact as new support.
That opens up an opportunity to try a long from this level. As long as Monday’s High holds as support, a push towards $65K and $65.8K becomes likely.
Invalidation would be a 4H acceptance back below $64K, in which case the next area to watch for a reaction would be $63.5K first.$BTC
There has not been strong follow through yet, but every 4H close since has kept $64K intact as new support.
That opens up an opportunity to try a long from this level. As long as Monday’s High holds as support, a push towards $65K and $65.8K becomes likely.
Invalidation would be a 4H acceptance back below $64K, in which case the next area to watch for a reaction would be $63.5K first.$BTC