Bitcoin (BTC) • Market structure changed. levels to look for now
The market is now trading on a completely different market structure than it was week or two ago.
Once we broke the 28-23k range and tap into the support support around 26k range Bitcoin now need to regain 35 and trade above it consistently to become bullish.
While bellow 35 it is expected to retest lows OR even actually continue with the macro downtrend set by the weekly and monthly charts.
Check the video for further comments on what are my overall thoughts in respect the technical levels to look for, trend and momentum and also a bit of orderbooks.
Once we broke the 28-23k range and tap into the support support around 26k range Bitcoin now need to regain 35 and trade above it consistently to become bullish.
While bellow 35 it is expected to retest lows OR even actually continue with the macro downtrend set by the weekly and monthly charts.
Check the video for further comments on what are my overall thoughts in respect the technical levels to look for, trend and momentum and also a bit of orderbooks.
D7R
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