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Under the backdrop of a U.S.-Iran reconciliation, the market was pulled up directly Monday morning. With the positive news “fermenting,” the main players kept buying, causing BTC to surge and immediately test the 67,000 level.
From the weekend through after the U.S. stock market on Monday, prices steadily climbed and broke upward, with no pullbacks along the way. Next, what to watch is whether 67,000 becomes a level that suppresses price action. This is also right around the daily BOLL middle band.
At the moment, short-term bulls are relatively strong, but it’s not advisable to chase the breakout. Even if it holds steady on Tuesday, a phase of pullback may appear on Wednesday and Thursday, given expectations for Powell’s first speech after taking the stage. $BTC