How should we view the remaining trading days this week? BTC opened the week at 81,178 and is now at 81,742, up about 0.69% so far this week, but well off the high of 84,898. A midweek rally does not necessarily mean the weekly trend has turned bullish.
In a bullish scenario, watch whether BTC can reclaim and hold above last week's high of 84,352. In a bearish scenario, watch for support at this week's low of 80,684. If liquidity thins over the weekend, a retest and confirmation after a breakout will matter more.
Source: Binance UTC+8 weekly chart, Oct. 22, 21:30; this week's candle has not closed. #Bitcoin
In a bullish scenario, watch whether BTC can reclaim and hold above last week's high of 84,352. In a bearish scenario, watch for support at this week's low of 80,684. If liquidity thins over the weekend, a retest and confirmation after a breakout will matter more.
Source: Binance UTC+8 weekly chart, Oct. 22, 21:30; this week's candle has not closed. #Bitcoin