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$BTC
We outlined the potential for this price action in a previous video, so this scenario is well within expectations.
For continuation to the upside, a successful retest of the 78.4k level would act as the key long trigger. From there, the next area of interest sits around the Daily 200 EMA.
Historically, Mondays have shown relative strength, which supports the likelihood of this move. That said, the level may be front-run, so I’ll be monitoring lower time frames for confirmation if we see a pullback.
This does not alter my higher time frame bias. I’ve been planning and highlighting this exact setup for several weeks. Read back my posts, watch my videos.
#btc