Monday Momentum: Bitcoin Breaks Above $65,500 as Bulls Target $66,800 on Weekly Open! đŻ
âHappy Monday! The new trading week is starting with clean bullish momentum. Following a strong weekly candle close above $65,000, Bitcoin is pressing into the $65,200â$65,850 range, testing the upper boundary of the consolidation channel. đ
âThe Core Weekly Open Drivers:
âSpot Limit Absorption: Cumulative Volume Delta (CVD) shows steady spot buying across major exchange order books, absorbing minor Sunday retracements and building a solid higher-low base.
âDerivatives Baseline: Futures funding rates remain healthy and neutral, indicating that the move is driven by organic spot accumulation rather than over-leveraged speculative chasing.
âTechnical Blueprint: Immediate horizontal support now rests at $64,800â$65,100. A confirmed 4-hour candle close above $66,200 clears local resistance and targets the primary macro liquidity pool at $67,500.
âAre you trading the breakout or waiting for a retest of the $65k support floor? Drop your setup below! đ
â#Bitcoin #BTC #MarketAnalysis #WeeklyOpen #CryptoTrading #BinanceSquare
âHappy Monday! The new trading week is starting with clean bullish momentum. Following a strong weekly candle close above $65,000, Bitcoin is pressing into the $65,200â$65,850 range, testing the upper boundary of the consolidation channel. đ
âThe Core Weekly Open Drivers:
âSpot Limit Absorption: Cumulative Volume Delta (CVD) shows steady spot buying across major exchange order books, absorbing minor Sunday retracements and building a solid higher-low base.
âDerivatives Baseline: Futures funding rates remain healthy and neutral, indicating that the move is driven by organic spot accumulation rather than over-leveraged speculative chasing.
âTechnical Blueprint: Immediate horizontal support now rests at $64,800â$65,100. A confirmed 4-hour candle close above $66,200 clears local resistance and targets the primary macro liquidity pool at $67,500.
âAre you trading the breakout or waiting for a retest of the $65k support floor? Drop your setup below! đ
â#Bitcoin #BTC #MarketAnalysis #WeeklyOpen #CryptoTrading #BinanceSquare