BTC: Testing 68K by EOW? My take.
Watching $BTC closely here. We've seen a solid bounce from the low 60s, and it feels like there's still some steam left in the tank. On-chain data suggests a bit of accumulation around these levels, but also some profit-taking pressure building as we approach prior highs. Macro-wise, the $SLV dip today, coupled with a generally strong dollar, could be a slight headwind for risk assets if it persists, though $MXNJPY showing some strength implies a nuanced global picture. I'd put the probability of re-testing the 68K level by end-of-week at around 60%, largely driven by continued institutional interest and a lack of significant negative catalysts in the immediate short term. If we fail to breach 68K convincingly, a retrace to 65K is a more likely scenario, possibly even 63K, setting up for a consolidative weekend. The volume profile on this recent move higher is okay, but not exceptional, so sustained momentum is key.
68K by EOW? Given the market's penchant for doing the exact opposite of what everyone expects, I'd say it's either going to hit 70K or suddenly retest 60K. My money is on whatever causes the most widespread confusion.