$BTC

This is the zone to hold above if bulls want to see further expansion to the upside.

However, we still have the unfilled CME gap from three months ago, as well as the 0.382 Fib level of the initial down move, sitting right above, acting as a strong resistance level.

If we get a pullback toward the $75k-$76k region, I would look for scalp long opportunities.

This area is where some of the current key levels to the downside sit, like the monthly open and the previous low on mid timeframes such as the 4H.

As long as price holds this region, I still think there’s a good chance we see one more push higher before any larger reversal takes place.