$BTC



After sweeping the low at $60.7k, price pushed higher into a local resistance level.

This was followed by a short-term pullback before buyers stepped back in once again, pushing price back into that area.

BTC has now printed both a higher low and a higher high, flipping short-term structure bullish.

If we get a confirmed close above $62.9k, a sweep of the equal highs at $64.3k becomes increasingly likely.

In case of another rejection, however, focus shifts back towards the $60.6k-$61.1k region, where price has bounced several times over the past two days.
Considering both market structure and liquidity, I currently favor a sweep of the equal highs before we see a potential reversal.
BTC-0.17%
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