$BTC Lower Timeframe: With the NY open, we just swept yesterday’s highs and dumped off immediately, breaking structure to the downside. After retesting the current LTF breakdown (BOS), price will likely target the golden Fibonacci level, which aligns with the new support from yesterday’s breakout. This level will be key... If it holds, we could see a bullish continuation but a break below would likely send price quickly towards the range lows which is my main scenario based on market structure and liquidity.
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