kayb

$BTC is continuing to rally on the short term charts… 👀 As we can see, price has broken above the major resistance we talked about yesterday at $62k and has now retested and rejected the next major resistance level at $63k. This is the EXACT bullish scenario I talked about potentially playing out yesterday. Now we must keep a very close eye on how price reacts to these current rejection levels. The analysis of these levels is relatively simple. A break above $63k will likely result in a retest of the major weekly resistance at $65.7k. But if we break back below $62k, we will likely head back to revisit the lows below $60k. Over the weekend, we could also easily see a few days of chop between $62k and $63k as volume dies down. However, I expect price to make a decision on the direction it wants to go near the next weekly candle open. As always, keep a VERY close eye on how price action reacts to these levels!