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Is Bitcoin $BTC setting us up for a bull trap or is the real move finally starting?
We are hovering right around 70,210 on a daily and it’s a bit of a tug of war. The price action shows we recently reclaimed the 70k level, but we need to see it hold as solid support to have any confidence. There is some clear resistance sitting up at 71,445 that kept us capped recently.
The volume is decent but not exactly explosive yet. If we can flip that 71,445 area into support, the next major hurdle is 77,900. On the flip side, if we lose 69,200 again, we might be looking at a quick trip back down to the mid 60s to fill some gaps.
I’m playing it cool here. Reclaiming 70k is psychologically big, but I want to see a daily close above that recent local high before I get too excited.
Want me to check the order flow to see where the big sell walls are sitting?
#TwoOilTankersAttackedInGulfRegion