Fight for a Weekly Close over $60k

١٧ أكتوبر ٢٠٢١

We broke some short-term market structure and flipped to a confirmed downtrend on the 12h and if below 608s we will confirm a new daily downtrend (although we're still in an uptrend on the monthly and weekly). BTC faces moderate resistance at a weekly level that coincides with our weekly uptrend line. Will we close above 60k? I'm uncertain but short-term bearish.