Hello friends

‍$BTC is gradually moving higher, but faces resistance at $68,800–$69,000 levels. If this resistance breaks, there is a good chance for a push towards $72,000.

On the downside, there are added supports at $67,300 and $66,500 but the key level to watch is the $65,700 support zone, which has held this short-term trend.

This is the zone that requires to keep an eye on a potential formation of this bearish flag pattern. The pattern is still under formation and needs confirmation below $66,500 or gets negated above $70,000.

Additionally yesterday's #SPX recovery was very strong, if such strength continues, there are high chances that price might avoid this pattern.