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Last time, CPI came out as bearish and BTC got smashed down to 60,600—then immediately V-rebounded.
This time, Japan’s rate hike pushed it down from 67,000 to 65,600—also a V-rebound.
When bearish news doesn’t fall but good news rockets up, this market is purely just messing with retail investors.
The resistance area above is around 67,000–68,000.
Everyone can reopen shorts close to this range.
The bear market will fall sooner or later.
Wait until this round of US-Iran agreement positive news is fully rolled out and the whole thing is concluded—
that’s when the big drop will happen.