Bitcoin Market Update -

This is exactly the reason why I said to be careful shorting $29.5k or $30k. As expected, the price of Bitcoin has been drawn back towards the wick from the Prev Monday High at $30.7k.

After taking the liquidity we can now see this is the exact level of resistance. If we start to accept over $30.7k on the 4 hour chart, there is a good chance we test the 2023 High at $31.8k. I am happy to wait for the Monday Range to form and am looking for a strong daily close above $30k. Keep an eye on $29.8k where we have a CME gap from this weekend's move.

Ready for another big week!

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