We are having a good start to the week here...

We had a setback due to the conflict in Iran escalating quickly over the weekend, which temporarily took us off the upward path and brought us down to $67.3K. However, today we have fully recovered from the drop and have gone even higher, approaching the $72K region.

The thought is still the same:

We need to recover the gray range just above, around $71.4K. Being there during tomorrow is crucial for the BULLS to continue moving up quickly... we cannot fail at this reversal.

The SPOT buyers are leading the movement, and this gives us some solidity. Therefore, short selling here is a mistake that could be costly.

Notice that if we add the EMAs, we will see the price about to recover the EMA200, which would put us in a great position to push higher. Most of the more arrogant BEARS are stuck in this last quick upward movement. A new move to $74K will liquidate most of them, giving us even more momentum.

Today's daily close is of enormous importance, and tomorrow we should have a definition of this current level. This is where you should keep maximum attention.

The USDT.D chart literally made the move we expected and went below 7.71%. With a little more time, we can go lower, down to 7.41%, which will give us another good relief.

Altcoins have been quick in their recoveries, but the real upward movement will come as soon as BTC reaches $74K.

It is obvious that Traders always need to readjust quickly when necessary, but if you are in SPOT, stick to the plan and ignore the noise.

An interesting week ahead. We are ready!