Are you paying attention yet? • $BTC is now testing support at the prior range high which has confluence with the Timescape R/S Flip Line at ~$82.5k - currently serving as support • Today's D candle is still a higher low, but there’s a lot of time left for that to change • Psychological support at $80k has confluence with the 50-Day SMA 🤨 • Structural Support at the Timescape R/S Flip Line at $78,380 has confluence with technical support at the 50-Week SMA and the macro trend line 🤔 • The 50-Week SMA is widely believed to be a macro R/S flip line - losing it would likely trigger a cascade to the next range lower where the 21-Week SMA has confluence with the Timescape R/S Flip Line at $71.3k 🎯 • If price breaks below the 50-Week SMA and goes to $71.3k, we can’t rule out the possibility of testing $69k - IMO, it’s he most important structural level on the chart. #BTCCharts# #BTC Price Analysis#