is all set to test its previous market structure that it broke in November, 2018. This zone is one of the strongest resistance zones and the price is extremely unlikely to breach it. If the price runs into this resistance zone
under current conditions, the probability of it facing a strong rejection is close to 1. The number of margined shorts for BTC/USD is still too high which further increases the odds of a rally towards $5,800. That being said, the big picture remains intact. I still see $BTC at $1,800 or lower before it bottoms.