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Gm and happy Sunday! ☀️
$BTC Update & Hyblock Heatmaps
Main target for now is 74k. Check chart & 3d heatmap.
The big picture: Bitcoin retraced most of the news driven pump. Strait open, then closed again, it's all a game.
The moment we get the news, the movements in the charts are already done. That's why we trade the charts and nothing else.
This doesn't mean you don't need to understand anything about macro and politics. But the most important thing is to read the charts.
If the trendline breaks and 75k cannot reclaimed, we have a very bearish situation:
Deviation through a news driven pump above resistance. Main target would be 67k.
Let's see how the price action unfolds today. Still leaning more on the short term bullish side to see a move into 80k-ish.
I think if we would see a huge flush tomorrow in equities, we would see Bitcoin already lower. But as you know, things change fast. That's why you have a plan for multiple scenarios.
Enjoy your Sunday and see you soon!