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4.5 BTC Market Analysis
The approach I shared yesterday was that the weekend would be dominated by consolidation. Now that it's Sunday, we should focus on the potential trend changes this afternoon and tomorrow. As mentioned yesterday, the resistance around 67,300 will be key. The price also reached a high of 67,500 before pulling back. That 67,500 level is also the resistance of our drawn descending trendline. As long as this level is not broken, we should remain cautious of downside risks. To maintain a bullish outlook, the price must stay above 66,500.
Today, the focus remains on consolidation, paying attention to potential trend changes today and the closing price tomorrow.