BTC at Resistance - Possible Reversal forming
Very interesting situation right now:
→ BTC bounced just before the major long liquidation cluster and is retesting the upper end of the channel
→ Price is sitting right on the POC of the whole range (~64k) + the 100 & 200 EMA on the 4H
→ The move up left some imbalances to the downside, but momentum is clearly bullish, making a reversal very possible here
On the other hand:
BTC has underperformed the Nasdaq hard today and barely bounced despite the de-escalation news.
Both scenarios are still on the table.
I’ll admit I’m sweating a bit — perfectly shorted BTC at 65k and haven’t taken any profits yet, because I expected a sweep of the big 1-month liquidation cluster.