BTCUSDT
Perp
76,321.2
+0.62%
Over the weekend, price has tested the range lows multiple times, but buyers have managed to defend this level well.
With the recent bounce from the lows, another move toward the range highs to take out additional liquidity looks likely.
In case of a breakout, the next key level to watch would be the previous high at $79.5K.
A rejection from the upper boundary of the range, on the other hand, would most likely lead to another move back toward the lows.
Given the current range-bound price action, I don’t expect a decisive move until tomorrow, when traditional markets reopen.
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