BTC USD Cypher: 64K in the next few days?

We can see a Cypher harmonic is forming. I would like to see BTC break out of the choppy range we are in right now for a clear direction. Big volume POC at 61K level, will be hard resistance.

Commentaire:

With the price moving upwards from $ 55K, volume and open interest are not yet following. If this stays all the way to 64K it would create a very nice entry for a leg down to 61-60K, 58K or even back at 55K.

For anyone in a long from 55K, take some profits at 61K area. We can identify a clear resistance around 61K

Commentaire:

We are seeing a rejection at the 786 FIB retracement of B-C in confluence with the descending sloping trendline and the Value Area High of the lower range.

Overal I do not think this idea is invalidated just yet, based on FIB time we still have time to put in D until 28-11

Ordre annulé:

once price retraced below C my Cypher got invalidated.

I do think we will see bullish momentum here based on the 3 drives pattern