Bitcoin is currently rejecting $62k. The past five 4hr candles have tested and closed below this making it a key resistance level. If we get a strong 4hr close above this level then we can continue to look towards the $63.4k area (Monday High.)
I am still aware of the big level of liquidity sitting at $60k and below, so I think there is still a good chance of a retest lower before the next leg up.
Looks like we didn't get that strong 4hr
Follow for tomorrow's update.
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