Yesterday's move down saw Bitcoin give a perfect test of the 1 hour demand and the liquidity that had built in this area. The 4 hour candle closed back above the Monday Low which was key to us seeing the continued move up.

The Prev Month Low and Weekly Open level is now acting as resistance, with every 1 hour candle rejecting from this. If the price closes above this ($26,950) the next resistance is going to be around $27.2k.

Jerome Powell is due to give a speech today at 3pm UTC so be careful of positions around this time.