BTC - Testing Key Level
After our predicted breakout from our last post on the weekly we can now examine the 1D timeframe to determine the immediate impact of this move on the trend.
We are fighting our critical resistance trendline. Most likely this will break this time due to our higher timeframe confirmations. If we are able to close a daily candle above this red line + create a higher high above our last micro high at 66.5k this should give us the signal that the $70-72k range will be tested.
Even if we get rejected at the higher range in the short term, this resistance level that price is battling with right now will act as new support for any "buy the dip opportunities".
We are fighting our critical resistance trendline. Most likely this will break this time due to our higher timeframe confirmations. If we are able to close a daily candle above this red line + create a higher high above our last micro high at 66.5k this should give us the signal that the $70-72k range will be tested.
Even if we get rejected at the higher range in the short term, this resistance level that price is battling with right now will act as new support for any "buy the dip opportunities".
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