Market Update -

After escalations in the Middle East last night, Bitcoin retraced to test the demand zone in the mid-$65k area. This is the second test of the zone this week and has given another strong reaction. BTC is trading back above $66.8k (Monday Low) and once again we are looking for this to hold as 4 hour support. 

If we see a continued recovery today I am expecting to see resistance above $67.5k at the down trend resistance. No rush from me for new positions, but I will be keeping an eye for any strong opportunities.