I am not a professional trader and i don't trade crypto.
Currently, price is respecting the trendline and looks like it is bias to the bear side(Look for shorting opportunity).However, if price is able to break and close above trendline then bull might be in control (look for buying opportunity).
My understanding of market structures.
1.Market structures are swing points (swing High and swing low on the chart).
2.They can be used to define trend
uptrend- when market is making Higher Highs and Higher Lows consecutively
downtrend-when market makes Lower Highs and lower lows consecutively
In the XAUUSD chart,
Market is constantly making higher highs and...