Yesterday breakout through the $73,000 resistance failed — we did not take the LONG position.
My current expectations are on the chart — if we see a positive reaction on the $67,500 support (0.5 Fibo), we should go up again and break the resistance this time. There is still a bunch of untouched liquidity above the $74,000 level.
How do we trade it: consolidation/bounce around/from the support level is LONG with the target at $73,000 (close a half there) and $76,000 - $78,000 (close another half there). Stop loss below the support.
Bitcoin has corrected for a bit due to concerning news coming from Middle East, and now reached the crucial $65,500 support level.
I still stick to the bullish scenario, at least until Bitcoin stays above the support. We may see a fake breakdown in case more news come out, but expect a quick come back above.
❕All in all, we are still located inside the horizontal channel, so be very careful with trading. Even the best traders I know are being stopped out because of constant manipulations.