$BTC
Lower.
Price has officially closed below the range lows and seems to be respecting them as resistance now.
From here, I believe price could push a little higher once more to retest the weekly open, but overall I expect continuation to the downside.
My target is the $70K–$74K region, which remains my main area of interest for longs.
Shorts should be favored in the short term, but I would advise either looking for scalp shorts or using any further pullbacks to look for longs, as the broader trend remains bullish.
Lower.
Price has officially closed below the range lows and seems to be respecting them as resistance now.
From here, I believe price could push a little higher once more to retest the weekly open, but overall I expect continuation to the downside.
My target is the $70K–$74K region, which remains my main area of interest for longs.
Shorts should be favored in the short term, but I would advise either looking for scalp shorts or using any further pullbacks to look for longs, as the broader trend remains bullish.
