BTC Squeeze Alert: Breakout or Breakdown?
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Bitcoin forms a critical squeeze at $67,000 after yesterday's volatility. The Trading Parrot analyzes a potential breakout or breakdown from the four-hour pattern, with key resistance at $68,000 and support at $66,733. Major liquidation zones sit at $62,000 and $57,000. The analysis compares current price action to the 2022 correction pattern, examining RSI momentum, open interest washout, and market structure. Despite bearish US jobs data suggesting only two Fed rate cuts this year, Bitcoin holds above the crucial $67,0