Don't think $BTC goes below 58K again. Weekly still looks solid, this is just a deeper higher low. That's where I'm at.
Chart structure hasn't broken. Still in an uptrend on higher timeframes. These kinds of wicks happen — they shake people out before the next leg. If you zoom out, this is textbook consolidation before continuation.
Not saying it can't get messy short-term. But the low is likely in. Risk/reward here favors long positioning over panic selling.
Chart structure hasn't broken. Still in an uptrend on higher timeframes. These kinds of wicks happen — they shake people out before the next leg. If you zoom out, this is textbook consolidation before continuation.
Not saying it can't get messy short-term. But the low is likely in. Risk/reward here favors long positioning over panic selling.