$BTC
When in doubt, zoom out.
After sweeping most of the local downside liquidity, price has bounced back towards $83k.
From a higher timeframe perspective, this looks like another retest of key support — and it's holding.
If the weekly close lands above $83k, there's no reason to be bearish. In fact, it strengthens the bull case.
The overall uptrend is intact. Major downside liquidity has been taken out. Fresh liquidity is stacking above price, setting up as the next target.
This looks like the perfect setup for continuation to the upside.
When in doubt, zoom out.
After sweeping most of the local downside liquidity, price has bounced back towards $83k.
From a higher timeframe perspective, this looks like another retest of key support — and it's holding.
If the weekly close lands above $83k, there's no reason to be bearish. In fact, it strengthens the bull case.
The overall uptrend is intact. Major downside liquidity has been taken out. Fresh liquidity is stacking above price, setting up as the next target.
This looks like the perfect setup for continuation to the upside.