$BTC 1W Chart
Watching price action closely around the 200 Week MA, this week looks like it's about to break below it.
This setup feels familiar. Back in Summer 2022, price lost the 200MA in June, attempted a recovery in July & that bounce failed, leading to further downside.
Right now, structure is playing out in a similar way. If history rhymes here too, I wouldn't be surprised to see lower lows before any real reversal.
Not financial advice, just tracking the chart and sharing what I'm seeing.
Staying cautious here and waiting for confirmation before calling a bottom.
#BTC #Write2Earn
Watching price action closely around the 200 Week MA, this week looks like it's about to break below it.
This setup feels familiar. Back in Summer 2022, price lost the 200MA in June, attempted a recovery in July & that bounce failed, leading to further downside.
Right now, structure is playing out in a similar way. If history rhymes here too, I wouldn't be surprised to see lower lows before any real reversal.
Not financial advice, just tracking the chart and sharing what I'm seeing.
Staying cautious here and waiting for confirmation before calling a bottom.
#BTC #Write2Earn