$BTC weekly structure just changed🤯
BTC has now closed above the previous major swing high area and is also trading above the long term downtrend.
The breakout candle isn’t huge but the important part is that BTC has actually pushed through a level that kept rejecting price before
Now I’m watching how BTC behaves above this area
If buyers can keep holding these levels then the bigger market structure is starting to look a lot more interesting
For now I’m not looking for a random entry.
Just watching whether BTC can build on this breakout or fall back into the old range
#BTC
BTC has now closed above the previous major swing high area and is also trading above the long term downtrend.
The breakout candle isn’t huge but the important part is that BTC has actually pushed through a level that kept rejecting price before
Now I’m watching how BTC behaves above this area
If buyers can keep holding these levels then the bigger market structure is starting to look a lot more interesting
For now I’m not looking for a random entry.
Just watching whether BTC can build on this breakout or fall back into the old range
#BTC
