Not a good look for $BTC



Current structure with the sweep of ATH’s has been the textbook local top signature for $BTC this entire run

However support is still holding, unless it fails, should expect another upside move

You should keep in mind the possibility of a drawdown to $102k (approx 20% correction)

That would be a 200d sma retest and structurally back fill the liquidity pockets

Can’t rule out $98k either (only if support is lost)

Other reason for caution is that Bitcoin is losing it’s 7wk ema, either a quick buying opportunity or a sign of a more prolonged drawdown 👌🏽
NOT3.15%
BTC2.39%
MOVE2.3%
IN3.48%
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