Bitcoin has rebounded from its $57,000-area low to around $65,000, and now sits just beneath the $66,900 high set over the past two months.
The $64,300-$64,750 zone was chosen because three things overlap there: the 4h average price line, this advance's pullback level, and the previous dip low.
That said, a break below $64,100 would end the pattern of progressively higher lows, which is why the stop-loss sits just underneath it at $63,950.
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.
