Key Local #Bitcoin Update 🔐 Following on from my previous post, this is how I'm currently viewing #Bitcoin. We saw a decent local rally following FOMC, but that move has since been retraced and we've closed the week looking relatively bearish. From here, I'm focused on two scenarios: 1️⃣ We test support (58k), bounce back towards the range highs, and continue building out this consolidation. If that happens, I'd become more confident that a bottom may be forming. 2️⃣ Bears step in, send price into support (58k), we see a minor relief rally, and then break down into the final flush we've been waiting for. It's also possible we simply continue chopping higher, but as of now these are the only two setups I'm interested in trading. I'm not a fan of getting involved in mid-range chop where the risk/reward is limited. Do you agree with these two scenarios? #Crypto