Bitcoin has been boxed inside 62,200-65,700 dollars for over three weeks, and today it was pushed back from the top of that box down toward the middle again.
Five of six methods pointed higher, and the box's midpoint, the lower volatility band and the most recent bottom all stack up at 62,400-62,900 dollars.
The pattern of steadily rising lows would be broken by a daily close under 61,400 dollars, which is exactly why the stop-loss is placed there.
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.
