Like I mentioned in yesterday’s post, after price broke above the short term downtrend that had been forming over the past few days, we’ve now seen price rally into the next level of resistance around $65k.
This is a strong area where we could see some rejection trade setups, and so far, price looks like it wants to reject from this level.
If we do manage to break above this resistance zone, the next level to watch for potential rejections is the $65.7k–$66k range, which is not only short term resistance but also our key macro resistance level.
These ranges can provide some very nice trading opportunities, like I’ve mentioned before, so keep a very close eye on these levels!
