Looking at our highest timeframe we see price has hit major resistance @ 80000 satoshis. showing momentum is still in play, however it is slowing down. Minor weekly spoor shown 56800 satoshis. Waiting for price to further complete it’s retracement before taking a long position.
Shifting over to our pattern timeframe we see price has formed a lower high just below 75700 satoshis. Price has since remained in consolidation between 71000—75700 satoshis. A daily close above our resistance activates our trade, however if price breaks and closes below our expect a drop towards 55000 satoshis.
Finally shifting over to our trigger timeframe we see price continuing its path towards the downside. Minor resistance shown @ 70500 satoshis. Price looking to break structure and test 55200 .
Buy after break and close above 75700 satoshis / Wait for bounce off 55200 satoshis.