BTC is pushing higher to test a key supply region between $76,100 and $80,200. Here are my thoughts for the week ahead:
I anticipate a breakout above $81,700 confirms a strong trend reversal and opens the path toward $85,000 on weekly close
A rejection of the bullish candles at the resistance might lead to a liquidity wash back to the lower supports
Central banks and regulatory announcements are likely to drive volatility this week
Trading Implication: Avoid overleveraged positions ahead of breakouts
What is your positioning for the week ahead? Long, Short or spot?
