Bitcoin (BTC) has been consolidating around the $69k level since Saturday. This is an important HTF level because (1) it was last cycles ATH and (2) it acted as resistance for quite some time this cycle. The smaller H4 EMA’s now are compressing around the $69k level as well. Compression often leads to expansion. Once expansion occurs bulls want it to be to the upside and bears want it to be to the downside. Note: Bears have been in control since the middle of October. · Open o Daily – $70,101.98 o Weekly – $70,279.32 o Monthly – $78,648.00 · Support o HTF – $69k & Green box (Testing) o LTF – Currently at HTF levels · Resistance o HTF – $84k-$85k area o LTF – $75k area & Monthly Open RSI – W1 @ 28 – D1 @ 32 – H4 @ 45