For bears, the major area held.
For bulls, will the major area reject? Let’s see.
So far, USDT.D has broken down and is now coming into its first BOS retest on the daily TF. Technically speaking, if it remains below this orange area, $BTC could make a leg up to new highs above 87K.
Losing this area would mean we remain rangebound and likely take liquidity at the highs on USDT.D, while BTC revisits the lows yet again.
Overall, this is the key area for bulls to watch if we’re going to maintain the uptrend.
For bulls, will the major area reject? Let’s see.
So far, USDT.D has broken down and is now coming into its first BOS retest on the daily TF. Technically speaking, if it remains below this orange area, $BTC could make a leg up to new highs above 87K.
Losing this area would mean we remain rangebound and likely take liquidity at the highs on USDT.D, while BTC revisits the lows yet again.
Overall, this is the key area for bulls to watch if we’re going to maintain the uptrend.