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BTC has tested the 61434.8 $ support twice and is currently trading below it, but the 4h candle has not closed yet. If this level holds, I expect the price to resume its move toward 64677.6 $. If it fails to hold, we will likely see a decline to the 60863.6 $ support before looking for a reversal.
Traders already in a position are recommended to continue using a 4h candle close below 61964.2 $ as a very short-term Stop Loss.
Our new pattern target is 66498.6 $. If the 64677.6 $ major resistance turns into support, the probability of reaching the pattern target will increase significantly.
I don't share all of my analyses here. If you'd like access to my other analyses, feel free to send me a DM.
The analyses I share here do not constitute investment advice under any circumstances.
#BTC #Bitcoin #Crypto #CryptoTrading #TechnicalAnalysis