GM! Happy Mondaze!
BTC managed to hold the 63s over the weekend and avoided a deeper retrace into the low 62s, which keeps the short-term structure intact for now.
As long as price continues to defend this local support area, I still think there's a decent chance we push higher and tap the 66.4-66.8k region. That's also where overhead supply starts to stack up, so it'll be an important area to watch if we get there.
For me, the play is pretty straightforward: if price reaches that zone and starts showing signs of exhaustion or struggles to break through, I'll be looking for a scalp short back into the range. Until then, bulls still have room to squeeze a little higher.
BTC managed to hold the 63s over the weekend and avoided a deeper retrace into the low 62s, which keeps the short-term structure intact for now.As long as price continues to defend this local support area, I still think there's a decent chance we push higher and tap the 66.4-66.8k region. That's also where overhead supply starts to stack up, so it'll be an important area to watch if we get there.
For me, the play is pretty straightforward: if price reaches that zone and starts showing signs of exhaustion or struggles to break through, I'll be looking for a scalp short back into the range. Until then, bulls still have room to squeeze a little higher.
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Trade like a Pro via Tealstreet ⚡️
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Advanced Crypto Trading Terminal
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
tealstreet.io/
linktr.ee/tealstreet.io
Content in partnership with:
linktr.ee/mooncakexbt
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
tealstreet.io/
linktr.ee/tealstreet.io
Content in partnership with:
linktr.ee/mooncakexbt
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.