REMAINS IN BEARISH STRUCTURE RIGHT NOW!
We are still failing to close above the CME gap, which means nothing changed
Until $BTC flips $83K, the HTF bearish structure remains intact
Same thing happened back in May
$BTC broke above the gap, everyone turned bullish and then we dumped ~30% making new lows
Right now we are repeating same pattern
Squeezed shorts above CME, sentiment flipped bullish but it's still not macro uptrend reversal
We still didnt have proper fear capitulation event that usually comes with a each macro cycle bottom
HTF structure still points lower while $BTC stays below $83K
So unless that level gets reclaimed, I still expect this move to fade
New lows around $50K-$55K still look like the most logical final bottom zone for me
Remember that I am posting news daily and monitoring each major macro event to post and warn you
So make sure to follow me and turn notifs on
We are still failing to close above the CME gap, which means nothing changed
Until $BTC flips $83K, the HTF bearish structure remains intact
Same thing happened back in May
$BTC broke above the gap, everyone turned bullish and then we dumped ~30% making new lows
Right now we are repeating same pattern
Squeezed shorts above CME, sentiment flipped bullish but it's still not macro uptrend reversal
We still didnt have proper fear capitulation event that usually comes with a each macro cycle bottom
HTF structure still points lower while $BTC stays below $83K
So unless that level gets reclaimed, I still expect this move to fade
New lows around $50K-$55K still look like the most logical final bottom zone for me
Remember that I am posting news daily and monitoring each major macro event to post and warn you
So make sure to follow me and turn notifs on
