Ok so the market broke down structure, (that's never a good sign) however its trying really hard
to turn around but its still undecided yet, There are 2 outcomes and it will all depend on what BTC do at 62.8k (63k) If the price line fails to go above 62.8k and hold then that would mean a rejection of the uptrend and a change of character to the downside and a continuation of the Elliot wave 2 towards 3 on a descending channel.
On the bullish side which its what I am expecting going above 63k and holding prices will push BTC towards the 75-85k range
to turn around but its still undecided yet, There are 2 outcomes and it will all depend on what BTC do at 62.8k (63k) If the price line fails to go above 62.8k and hold then that would mean a rejection of the uptrend and a change of character to the downside and a continuation of the Elliot wave 2 towards 3 on a descending channel.
On the bullish side which its what I am expecting going above 63k and holding prices will push BTC towards the 75-85k range
Comment:
Market is rejecting really bad, take profits and wait to see if the next support of 58-60 holds, if it holds then ride the way to 63-64k again and if it holds then it goes to the awaited pump to the 70k again.