
Daan Crypto Trades|May 23, 2025 18:38
BTC Very headline driven price action today.
Overall the breakdown wasn't that deep and bulls put in a good fight to run this back. Stocks especially are almost back to pre-tariff headline levels.
BTC is now just consolidating here and I'm watching this local area to determine the next move.
If it can retake that ~110K range low I think this will just shoot higher well into price discovery.
If we do however lose these local lows around 108K, I think that means we're due for a deeper correction and I'd be looking at the 105K region then. Only downside there is that it would start looking quite ugly on the daily/weekly candle with an ATH sweep and rejection.
We'll see what we get :)
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