$BTC closed October with a bearish engulfing candle. This doesn't guarantee an immediate dump, but increases the odds of bearish continuation over the next few candles. Still, the Weekly structure offers a bullish perspective. After printing a Lower Low, Bitcoin managed to form a Higher High. The current correction may simply be an attempt to establish a new Higher Low and confirm the bullish reversal. Bearish monthly close, potentially bullish Weekly structure. Both scenarios can coexist. Will #Bitcoin manage to print a Higher Low?
