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Crypto signal king
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$BTC has broken the previous daily high for the first time in seven days, marking a noticeable shift in recent price action.
This lowers the chances or BITCOKN revisiting the 59.4K previous daily low in the short term. After sweeping liquidity below 60K, price is showing its first meaningful signs of recovery on the daily chart.
That said, this move is happening over the weekend, when volume and liquidity are usually lighter, making the signal less dependable compared to weekday price action.
The first upside target for this bounce remains the Fair Value Gap (FVG) near 65K, which also aligns with an important former support area.
A Sunday squeeze higher is still possible, potentially attracting aggressive longs before a larger move lower. However, the last two daily candles deserve attention: yesterday closed strong without forming a bearish FVG, and today managed to break the previous daily high.
For now, patience remains key. Weekend conditions can create misleading moves, but these levels will be important to monitor heading into next week.
#BitcoinETFs #CryptocurrencyWealth #Altcoins👀🚀 #JPMorganBofACitiPlanTokenizedDepositNetwork #JPMorganBofACitiTokenizedDepositPlan
This lowers the chances or BITCOKN revisiting the 59.4K previous daily low in the short term. After sweeping liquidity below 60K, price is showing its first meaningful signs of recovery on the daily chart.
That said, this move is happening over the weekend, when volume and liquidity are usually lighter, making the signal less dependable compared to weekday price action.
The first upside target for this bounce remains the Fair Value Gap (FVG) near 65K, which also aligns with an important former support area.
A Sunday squeeze higher is still possible, potentially attracting aggressive longs before a larger move lower. However, the last two daily candles deserve attention: yesterday closed strong without forming a bearish FVG, and today managed to break the previous daily high.
For now, patience remains key. Weekend conditions can create misleading moves, but these levels will be important to monitor heading into next week.
#BitcoinETFs #CryptocurrencyWealth #Altcoins👀🚀 #JPMorganBofACitiPlanTokenizedDepositNetwork #JPMorganBofACitiTokenizedDepositPlan
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