Local Strength, Global WeaknessBitcoin / US DollarCOINBASE:BTCUSDinchartswetrustHello, traders🌴 Over the past 24 hours, BTC has shown a strong impulse move through EMA 100 (4H) and has come very close to the upper boundary of the 64,890-67,600 trading range. As long as the price continues to consolidate within these boundaries, the initiative remains on the bulls' side🦬🦬 BTC is currently testing EMA 100 (4H), but this time from above. For now, the moving average is acting as the first support level, where the price may get a reaction and continue its local upward movement. The second support level remains at 64,890 — the lower boundary of the trading range. We continue to monitor these levels, but keep in mind what I mentioned yesterday: «❌ At the moment, I do not see a positive news event being capable of triggering a new BTC rally against the backdrop of an overall weak global technical picture. It is definitely too early to celebrate, and it is extremely important to approach opening long positions with caution. 🔪🧨 THEY can dump this to 62,500 at any moment.» Peace!