#BTC

We just swept the lows down to $59.5k and caught a quick relief bounce. Right now, the game is won or lost inside that range ($62.2k - $62.8k), which is previous support turned heavy resistance.

Two ways this plays out:

The Bullish Reclaim: We push into the $62.2k - $62.8k flip it, and close an H4 candle above. That opens the door straight back to $64k ➔ $65k.

The Dead Cat Bounce: We hit that pink box, get rejected hard, and print a lower high. If that happens, expect a fast acceleration down into the blue liquidity pool ($59k - $60.8k) and lower.

Don't chase it here. Let it hit the pink box and react first.

@cryptosignals