As I talked about earlier this week, it was likely we were going to see some sort of short term rejection as we rallied into one of the strongest resistance zones in the current range.
Between $65.7k and $67k, we have a BUNCH of resistance confluence that I already explained would be very difficult for price to break through.
I expect price to dip into its next strong support level at $64k in the short term. From there, we’ll see if price can bounce and retest the highs, or if it falls through $64k and heads to the next support level around $61k.
Keep a very close eye on price action as we head into the weekend…
