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BTC: Bitcoin has reached the first micro support zone that was defined yesterday between 64,528 USD and 67,352 USD. This represents standard support for the white wave B and can also be relevant for a potential D-wave within the orange triangle scenario.
The more important structural level remains the Saturday low. However, on a broader timeframe, it is crucial to note that Bitcoin is still trading within a sideways range. No confirmed breakout has occurred, and the market continues to oscillate between defined boundaries.
The move up from the Saturday low unfolded in a clear 3-wave structure. While this does not confirm an impulsive reversal, it also does not exclude the possibility of a renewed upside attempt. The key focus now is how price reacts to the defined Fibonacci support levels.
