Bitcoin slid from $66,900 and has now tested the $62,200 area four separate times without breaking it, and is currently fighting for direction around $63,600.
Three things line up at that same shelf: a floor that has held four times, downward pressure visibly draining away, and rebound volume three to four times the normal level.
If that floor gives way on a closing basis the whole read is simply wrong, which is why the stop sits just beneath it at $62,050.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
