Hello, traders! ☀️🌴

Over the last three days, Bitcoin has been consolidating between a cluster of moving averages and the key horizontal level at 65K 🧨🧨🧨

This confluence of the 1H and 4H EMA 100/200 initially capped the recovery from 62.5K, but now that price has decisively moved above them, they are starting to provide nice support 🛡️

As I mentioned before, 65K remains the key level:
🦬🚀“The bullish scenario, with upside targets at 67K and 67.6K, will only come back into play if Bitcoin manages to reclaim 65K and, more importantly, hold above it.”

🐻🪓That said, always keep the bearish scenario in mind. This is crypto, where false breakouts and liquidity grabs are part of the game.
A rejection from 65K could send price back toward the moving average cluster around 64K. If that support gives way, the next major level to watch is 62.5K.

Peace! 🌄