Bitcoin jumped 24% in five days, from $63,000 to $78,000, breaking above its one-year average price line at $71,000 for the first time in weeks.
The rally moved so fast it left an untraded gap between $70,000 and $73,000, and that same shelf is where the one-year average price line, the previous day's high and the halfway pullback level all overlap. We buy a dip into it.
A drop below $67,300 would erase the entire basis for this rally, so the stop sits there, well underneath that gap rather than inside it.
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.
