BTCUSD Short Term Accumulation Completes (intermediate UTAD)

Following on from yesterdays analysis (03-05-24) Bitcoin has broken out of its range and advanced to the daily SMA. I believe that even though the intermediate trend is down (within a greater bullish re-accumulation structure) Bitcoin will likely test lower with significant bullish pullbacks as the market reverses over the coming days and weeks into an overall bullish trend / structure on all timeframes (after testing daily volume profile nodes or POC).

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