Market Update -

After reclaiming $68k (DM VAL), Bitcoin has continued to push back towards $69.2k (2021 ATH) as expected. This is a critical level for Bitcoin which is currently being rejected as strong resistance. This is no surprise since it was such a solid level of horizontal support earlier in the week, it is now acting as a barrier.

If $69.2k is reclaimed and we see enough volume then there is potential for a push towards the Monday High above $71k. For now I still have my bids for lower too.

Market Update -

Bitcoin is still chopping around $69.2k (2021 ATH.) Although we have had some 4 hour closes above this level, the low weekend volume means that BTC is now rejecting from the 4 hour supply as shown in the chart.

Keep an eye on this level, looking for a flip as we head into the weekly close. However, if we see continued weakness then there is a chance of a DM VAH retest in the lower $68k area.

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Market Update -

Bitcoin was unable to break through the 4 hoou supply zone yesterday which gave a big level of resistance now at $69.5k-$70k. We are even seeing signs of exhaustion above $69k now, with each of the past 4 hour candles closing below this level.

I have my eye on a test of $66k/$67k minimum, and will look for a potential entry later. For now I am happy to let the Monday range play out.

US Markets closed today for Memorial Day.

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