Hi traders!☀️

Bitcoin continues to press against the 65K level from below, with multiple attempts to break above it. The situation on the chart, which I discussed in detail on Friday, is still playing out. So far, however, Bitcoin has failed to establish itself above 65K.

At the same time, price is not dropping back toward the moving averages on either the 1H or 4H timeframes, which remains a positive signal for the bulls🛡️🛡️🛡️

As a reminder:

“The cluster of EMA 100 and 200 on the 1H and 4H initially acted as resistance during the move up from 62,500. However, now that price has confidently moved above them, they have started to act as solid support.” 🫪🏋🏽

The main scenarios remain unchanged.

The 65K level remains the key:

🦬🚀“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.”

🐻🪓The bearish scenario comes into play if Bitcoin gets rejected from 65K. ”Such a rejection could send price first toward the cluster of moving averages around 64K. If that area fails to hold, the next major support remains at 62,500.”

Peace! 🌄