$BTC is ranging $61.3K-$64.7K range and spent this morning climbing back up after yesterday's risk-off flush.
A daily close above $64.7K flips the story and would make for a larger relief rally across the board.
A close under $61.3K opens the road to the lows again and kills the momentum.
The triple line support working for now on Total Crypto Marketcap. Glad to see market structure at least change or break the pattern for now. Can't celebrate yet but we can at least call this support. Follow through is what we need to see now.
$BTC Testing that~$64K resistance area again, still trading below the 50EMA at $65.8K
FOMC minutes drop tomorrow which could easily be the catalyst for a move out of this price range, so this chop right here makes sense.
If bulls can close above $64K, that opens the door back toward the 50EMA. That ~$60.7K level remains the key support to hold.
Just watching how BTC positions itself into tomorrow before picking a side.
$BTC Testing its Weekly 200MA again, going to be interesting to see if it can close back above this week.
Green zone holding well so far and a decent bit of action in alts.
$BTC daily
The Revolutionary War didn't end with the Declaration of Independence. There were still years of bloodshed before Britain acknowledged reality.
Bitcoin is our declaration of monetary independence, and we will fight until the fiat empire recognizes reality.
We got the sweep and $60k has continued to hold as our macro low.
So far, this has the makings of a very strong low.
And it is highly typical of a strong low that a large amount of market participants attempt to short/sell into it, which is exactly what happened.
I have been discussing over the past few weeks how when price is weak, it slices through a low, leaving no question that it wants lower. Usually, within one daily candle.
Whereas the $60k level was defended every day, without a single daily close actually closing the candle body below the previous one.
What this showed us is that market makers were building large long positions into panic sellers.
We now also have Coinbase premium finally backing off a bit, which is very likely due to Bitcoin ETfs selling far less this week, and actually buying 3,500 BTC yesterday.
The first day of inflows since the 16th of June - almost 3 weeks ago!
What we want to watch now for contiuation is how price reacts at $65,000.
Get a clear break above there and $74,000 is back on the chopping board.
Reject here and it opens up another attempt at $54,000.
Alts getting a nice bid here regardless, as OTHERS.D has been signalling for a while.
Things look good so far so enjoy a few pumps and lets stay on top of it gang :)
#Bitcoin Major Regime Shift Incoming.
The 2-month Stochastic RSI has consistently marked major regime shifts throughout Bitcoin’s history.
Another bullish crossover may not be far away.
#Bitcoin
Range holding.
RSI bullish divergence still valid.
As long as the range holds, this remains my preferred scenario for July, with the first target around $65K, followed by $67K-70K.