$BTC
CME is still holding up... for now
CME is still holding up... for now
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Bluechip
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Big money trades during Wall Street hours, so when I'm evaluating important $BTC structure, I pay close attention to CME.
Bitcoin is battling to defend a key support around $75K, and these daily and weekly charts tell an interesting story.
The daily close matters. But this week's close could tell us even more.
We've already seen price trade below support and recover. Now the question is whether buyers can keep defending it.
If we get a daily breakdown, does Bitcoin reclaim the level and turn it into a failed move? Or do sellers hold price below it and eventually confirm the breakdown on the weekly?
Those are two very different outcomes.
This is why we mark important levels ahead of time. The level tells us WHERE to look. The reaction tells us who's taking control.
Big day. Big week. Let's see what price gives us.
Bitcoin is battling to defend a key support around $75K, and these daily and weekly charts tell an interesting story.
The daily close matters. But this week's close could tell us even more.
We've already seen price trade below support and recover. Now the question is whether buyers can keep defending it.
If we get a daily breakdown, does Bitcoin reclaim the level and turn it into a failed move? Or do sellers hold price below it and eventually confirm the breakdown on the weekly?
Those are two very different outcomes.
This is why we mark important levels ahead of time. The level tells us WHERE to look. The reaction tells us who's taking control.
Big day. Big week. Let's see what price gives us.