๐จ Market Update - ๐
Bitcoin has continued to move up from the weekends $112k retest, and there are early signs of support at $114k (Weekly Open.) We have been mentioning the importance of a $115k reclaim, on the 4hr timeframe, but below that BTC has a big resistance level at $114.7k which is the current 4hr EMA200.
The past 4 candles have rejected from this level, which gives us a tight range of $114k - $114k.7k. For now I will wait for the Monday range to develop and looking for acceptance above $115k or another sweep of the recent lows.
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