$BTC thoughts: $27k retest and implications
Been watching $BTC closely here. The bounce from the lower $26k range was decent, but it stalled out right around $27,200-$27,300. That's a key resistance area I've had marked for a while, basically the prior support that gave way. If we can't get a convincing close above that on a daily, the risk for a retest of $26k, maybe even dipping into the low $25k's, feels quite high. The invalidation for this short-term bearish lean would be a strong break and hold above $27,500, which would suggest a push towards $28k is back on the table.
Totally agree on the $27.2k-$27.3k resistance. Volume on that bounce wasn't convincing enough to signal a strong reversal either. Are you watching any other indicators for confirmation?