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Gm and happy Wednesday!
$BTC Update & Hyblock Heatmaps
Bitcoin broke cleanly above 70K yesterday and held, finally showing some conviction after weeks of chop.
Price is sitting comfortably around 72K this morning, grinding higher but starting to meet supply around 73-74K.
Downside, there's a decent liquidity draw back to 69K where those cleared short levels now act as support.
Below that, 66-67K remains the bigger magnet based on the monthly structure.
Until we see acceptance above 74K, this looks like relief into resistance.
Structure is improving but the upside path gets tougher from here. Watching for reaction into this 73-74K zone.
Have a great day and see you soon!