Bitcoin bottomed near 62,235, has since posted three consecutive higher lows, and has now recovered to around 64,617.
At 64,000-64,200 the pullback of the latest rally, the short-term average price line and a prior support shelf all overlap, so that is where the buy sits.
If the recent low at 63,853 gives way, the pattern of rising lows breaks down, which is exactly why the stop sits just beneath it at 63,550.
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.
