I see that Bitcoin is making interesting moves on the weekly chart. The RSI recently returned to oversold territory, similar to other significant lows we've seen. The price is testing support in that upward channel, so we need to watch how it reacts.



What caught my attention is that ETF flows turned positive last week after three consecutive weeks of outflows. About 11.8K entered into BTC ETFs, which is a change in sentiment. Meanwhile, looking at liquidation maps with tools like Coinglass, there is quite a concentration of liquidity around $67,482 and $68,150. If the price rises to those levels, it could liquidate about $20.5M in shorts.

The key range is between $67K and $68K for now. Some traders mention $67,078 as a breakout point, but everything depends on whether it breaks that resistance or bounces. The market is compressed, so any move could be quick. We need to see if those positive ETF flows continue.
BTC-0.78%
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