BTC Range EQ @ 63500: Bear & Bull Cases
Pivotal Level: Range EQ = 63500
BULL CASE:
Reclaim 63500 and test range high @ 64800. I suspect we chop within the range if that's the case.
BEAR CASE:
Reject Range EQ and continue down to complete a 5-3-5 Zig Zag correction.
Target is 60500 at 4H demand with a scam wick likely going for the Weekly Open @ 60000 flat.
BULL CASE:
Reclaim 63500 and test range high @ 64800. I suspect we chop within the range if that's the case.
BEAR CASE:
Reject Range EQ and continue down to complete a 5-3-5 Zig Zag correction.
Target is 60500 at 4H demand with a scam wick likely going for the Weekly Open @ 60000 flat.
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