✏️ $BTC
Against the backdrop of yesterday's news about a peace agreement between the US and Iran, we saw a local pump and a retest of key resistance at $64k, from which a pullback followed again...Even with such strong positive news, we didn't see enough buyback volume to break resistance. Considering this fact, and that this positive news is already priced in and buybacks have weakened even further, I simply see no reason to expect a resistance breakout now..I still expect the start of a deeper correction from the current sideways consolidation. 📉👀
Against the backdrop of yesterday's news about a peace agreement between the US and Iran, we saw a local pump and a retest of key resistance at $64k, from which a pullback followed again...Even with such strong positive news, we didn't see enough buyback volume to break resistance. Considering this fact, and that this positive news is already priced in and buybacks have weakened even further, I simply see no reason to expect a resistance breakout now..I still expect the start of a deeper correction from the current sideways consolidation. 📉👀