The market is confused. Things have been so bearish that most investors simply dont know what to think here. And this is what always hapens after prolonged periods of down/bottoms. If you are confused, keep it simple. HTF Bullish structure is at $74,400. If we close above that on the weekly, that is good. Expect higher. If we retrace here and close below it, that is bad. Expect lower. I am of the mind that we close above, mainly due to this insane and increasing level of negative funding. Shorts are doubling down on these moves and coinbase premium is staying positive. In addition, if we reclaim HTF bullish structure, it, in my view, confirms a deviation that will lead into continuation. In every down phase Bitcoin has had, once it reclaimed bullish structure, the bottom was in. This is a super important weekly close and the market will tell us what it wants... You dont need to stress or overcomplicate it.

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