MARKET UPDATE- 🚨

Bitcoin gave a very strong reaction yesterday, reaching +20% from the lows of Thursday.

As can be seen from the 4hr chart on the left, BTC is currently struggling with 4hr supply just below $70k. If this continues to be resistance then we cannot rule out a retest of $66k-$64k zone in the coming days. On  the other hand, if this 4hr supply is flipped, we could see a squeeze to reclaim the weekly level around $71.5k which would mean the old weekly resistance has been maintained as support.

$BTC

BTC
BTCUSDT
69,964.9
-0.96%

$ETH

ETH
ETHUSDT
2,084.25
-0.22%

$BNB

BNB
BNBUSDT
633.72
-0.56%

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