LIFUI. O. LOR. #BITCOIN #BTC My Thoughts: MACRO UPDATE

This is an update to a trade idea I shared on February 10th. I believe in the macro picture, the price has simply been consolidating. As I said previously, the entire yellow boxed area is what I believe to be consolidation. I have updated this idea:

I believe the bulls need a breakout above the $51,300-$52,000 region as I believe it may offer some resistance. In a bullish setup, this region could also setup to become a trap and bake for sellers. If price were to break out above this region, it is my opinion that it would continue above the all time high and test for resistance at $75,300. Clearing resistance at $75,300 would, in my opinion, put $87,500 in play for the bulls.

For the next macro zone, if price clears above $87,500, it will continue to $108,000.

This trade idea is not financial advice, I am not a financial advisor of any kind.

Please do your own analysis, responsibly maange your risk, and stay safe.

I have attached a link to my original idea published on February 10th.

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