Wow! ๐ฎ Based on Bitcoinโs current price action, it looks like its move towards $63K over the coming week may have been put on hold. Instead, Bitcoin seems determined to recover towards the $76K level.
The $67K BOS (Break of Structure)
Bitcoin reached the $67K BOS level yesterday. This level previously acted as resistance, but after being broken, it now has the potential to act as support. Yesterday, the price came back to retest this level.
SokoData Futures Liquidation Intelligence (AI AGENTS)
Using the 4-hour chart, SokoData has highlighted a potential upward move for Bitcoin, particularly because both Bitcoinโs price and Open Interest are rising together.
If BTC drops below $67K, given the current market structure, we could still consider it a bearish trap. However, a move below $63K would raise the possibility of market manipulation and require closer investigation.
๐ธ Check out this screenshot from the SokoData tool.
โ ๏ธ This is not financial or trading advice. Always do your own research (DYOR) before making any trading decisions.
$BTC
The $67K BOS (Break of Structure)
Bitcoin reached the $67K BOS level yesterday. This level previously acted as resistance, but after being broken, it now has the potential to act as support. Yesterday, the price came back to retest this level.
SokoData Futures Liquidation Intelligence (AI AGENTS)
Using the 4-hour chart, SokoData has highlighted a potential upward move for Bitcoin, particularly because both Bitcoinโs price and Open Interest are rising together.
If BTC drops below $67K, given the current market structure, we could still consider it a bearish trap. However, a move below $63K would raise the possibility of market manipulation and require closer investigation.
๐ธ Check out this screenshot from the SokoData tool.
โ ๏ธ This is not financial or trading advice. Always do your own research (DYOR) before making any trading decisions.
$BTC
