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CoinStats

BTC is sitting right on the level that matters. On both charts, the area around $66k-$67k lines up with a major volume node and the completion of this corrective structure. That’s where buyers have finally shown up after weeks of lower highs and lower lows. What happens next is pretty simple: Hold this area, and there’s a case for a move back into the high-volume region above where most of the recent trading took place. Lose it, and the chart opens up fast. There isn’t much structure underneath until significantly lower levels. I’m not interested in calling a bottom here. I’m interested in whether BTC can defend the first level that actually matters after a $15k decline. That’s the decision

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