$BTC is breaking down after hitting resistance at $73.3k. We are now sitting on fib support between $70.7k-$69.0k.
This area needs to hold and is the next decision point. On holding this zone I expect a reversal and a rally back above $73k.
A break of $69k will open up the market to a breakdown move to $65k and $63k as the next targets.
We also have major CME gaps that BTC might fill in the coming hours and days. To the upside we have a CME gap between $73.3k-$71.5k.
To the downside we have 2 CME gaps. The first lie between $70k-$69.5k and the second one between $67.7k -$77.1k.
Watch out for this area cause the market might move first to fill in this imbalances before having clear direction.
BTCUSDT
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