Bitcoin is still showing signs of weakness, and I'm not convinced the bulls are ready to take control just yet.
The $BTC market structure remains bearish, with sellers having the upper hand. Until price starts reclaiming important resistance levels and forming higher highs, any upward move could simply be a temporary relief rally.
I'm watching how price reacts around key support zones. A clean breakdown could open the door to further downside, while a strong reclaim of resistance would be the first sign that the bearish structure is losing strength.
For now, patience is more important than trying to catch the bottom.
Don't fight the trend. Wait for confirmation.
The $BTC market structure remains bearish, with sellers having the upper hand. Until price starts reclaiming important resistance levels and forming higher highs, any upward move could simply be a temporary relief rally.
I'm watching how price reacts around key support zones. A clean breakdown could open the door to further downside, while a strong reclaim of resistance would be the first sign that the bearish structure is losing strength.
For now, patience is more important than trying to catch the bottom.
Don't fight the trend. Wait for confirmation.
