$BTC This is what you'd want to see.

I mentioned earlier that a ceasefire would be a clear direction on the markets.

It happened.

#Bitcoin breaks through the crucial $71K level and builds a bullish structure.

Oil is down and the Strait is open, which means that there's a mean reversion play active on Bitcoin.

The 200-Week MA is at $79K, that's why I mark this level at $80K as the crucial resistance zone.

It resonates with all the liquidity above the highs.

What's crucial to hold for Bitcoin? I'd fancy holding the area at $69.50-70.00K as support.

That would strengthen the entire theory of a higher lows, higher highs and continues the momentum upwards and is likely going to fall alongside a new all-time high on the Nasdaq.