Bitcoin
Short

some retracement first, but 55k if

288
On yesterday’s idea I mentioned;
What I would look for a valuable sell entry would be;
- A retest of the 64k-65k area showing light demand, and then hold the entry as long as selling interest remains
As if this eventualities happens, which could also be great entries, or signs to hold the entry
- A break under 62k with signs of weakness, which would make us aim at 60k next
And it was also mentioned that a break under 60k would be needed to consider 55k

Now that we are at 60k, we still need a break under it to think about lower zones. And since it got there we got some wicking to the upside after a drop on heavy demand, meaning that I would expect;
- A retracement to 62k-62.8k showing light demand would be a good entry, for then aiming again at 60k and look to take profit there or hold it if we break under the area. And going back upside 61.4k would be another good sign to consider this option.
- A break under 60k on heavy supply


Would not consider a serious long term buy unless we back upside 64k on signs of strength .

Here the idea since the bigger time frame analysis are still good.
Change of character & retracement

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