BTC Higher Timeframe Structure Remains Strong

May 22

Bitcoin continues to respect its long-term macro bullish structure, with the current pullback appearing more like a healthy higher timeframe retest than a complete trend reversal. The 60k–65k neckline breakout zone remains the key area holding the entire bullish structure intact, and previous market cycles show similar round bottom formations before massive expansion phases followed.

BTC is once again showing signs of repeating the same cycle behavior. As long as price continues holding above this major support region, the probability for continuation toward new highs remains strong. A successful recovery from this zone could easily reignite bullish momentum and open the path toward another expansion leg.

However, losing the neckline support would weaken the current structure temporarily and could expose BTC to a deeper correction toward the major 30k support region before the next macro bullish continuation develops.

For now, the higher timeframe structure still favors the bulls while price remains above the key breakout zone.

May 23

Trade active

I expect BTC to follow this path closely.

May 24

Trade closed manually

Patiently watching for the price action towards the support zone.