$BTC made its first lower low in 4 years on the weekly & monthly charts. 60K was a really big zone, and it should now be considered a local bottom, with potential reaction toward 74-82K.
From 74-82k area I again expect a reaction toward new lows in the coming weeks/months because price action should be considered just as a bearish retest, as LH on HTF
We are still in a macro downtrend with all indexes implying that 60k is not a macro bottom, which I expect to be formed around 48-35K later this year
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$BTC made its first lower low in 4 years on the weekly & monthly charts. 60K was a really big zone, and it should now be considered a local bottom, with potential reaction toward 74-82K.
From 74-82k area I again expect a reaction toward new lows in the coming weeks/months because price action should be considered just as a bearish retest, as LH on HTF
We are still in a macro downtrend with all indexes implying that 60k is not a macro bottom, which I expect to be formed around 48-35K later this year
Stay safe