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$BTC Update & Hyblock Heatmaps
Textbook. Rejected again at the key resistance at 65k, and then an immediate push in the opposite direction.
Both sides swept, looks like a classic Monday false move so far.
The delicate part is this: the trendline is broken, but we still have no lower low.
Lose 62.2k and Bitcoin is heading back to the low 60s fast, or potentially even lower.
On the higher timeframe, everything happening is just liquidity plays within the range. The real moves start beyond 65.7k to the upside and below 59k to the downside. The 1M heatmap shows this beautifully, go check it out.
Have a great day and see you soon!