The Bitcoin Seer on Nostr: Bitcoin Market Update - After an aggressive sell off yesterday, finally Bitcoin gave ...
Bitcoin Market Update -
After an aggressive sell off yesterday, finally Bitcoin gave a reaction and some strength from the $58.2k area. We are starting to see signs of 4 hour resistance at $61.3k, which was also a previously strong daily support so we need to be careful around here.
If we can close a 4 hour candle above this level then we could be looking at a move back towards $63.4k (Monday High.) But be aware that liquidity is growing again under $60k, so do not rule out another sweep of this.
After an aggressive sell off yesterday, finally Bitcoin gave a reaction and some strength from the $58.2k area. We are starting to see signs of 4 hour resistance at $61.3k, which was also a previously strong daily support so we need to be careful around here.
If we can close a 4 hour candle above this level then we could be looking at a move back towards $63.4k (Monday High.) But be aware that liquidity is growing again under $60k, so do not rule out another sweep of this.