$BTC 🟠

I’m seeing a lot of BIG accounts talking about the "Supertrend" flipping bullish, so I thought I’d explain what that actually means.
When the Supertrend flips bullish, price will often retest the bottom of the new trend. In this case, that level is currently around $61K.
That doesn’t mean we have to drop back there immediately. But if BTC is unable to hold $65K, I think a retest of $61K becomes increasingly likely sooner rather than later.
If we do get that retest, that’s where we’ll really see how strong this new “bullish trend” actually is. Until then, we just have to watch and see how $65,000 holds.