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$BTC
Bitcoin continues to trade below key resistance levels. The standard Fibonacci support levels for the current microstructure lie between 63,644 USD and 66,246 USD. Within the white scenario, wave B could still extend somewhat lower into this zone before stabilizing.
As long as price remains below recent highs, upside momentum remains unconfirmed. However, a sustained break above today’s intraday high would provide the first structural indication that bulls are regaining strength. Such a move would increase the probability that price is preparing to challenge Wednesday’s high next.
#Bitcoin