
After a perfect retest of the May 2022 range lows yesterday, where we caught a great entry, Bitcoin has continued to move in a rising channel creating Higher Highs and Higher Lows.
The Previous Month VWAP is acting as support for now, but we have seen another rejection in the $29.9k area which was the Prev Week VAH. This needs to be broken for continuation up, but also keep an eye for a breakdown of the rising channel which would then mean we likely test lower levels.
