
Bitcoin (BTC) market structure on the daily chart is currently bearish, price is below the $69k level and green box, and the daily EMA’s on the chart are all trending down. Bears are currently in control and continue to sell underside retests of important S/R levels. If bulls want to regain control they need to begin putting in bullish market structure on LTF’s and then start reclaiming S/R levels. Note: Monthly candle close is in a few days. · Open o Daily – $64,625.78 o Weekly – $67,616.01 o Monthly – $78,648.00 · Support o HTF – $43.2k o LTF – Maybe $60k · Resistance o HTF – $69k & Green box o LTF – $69k & H4 EMA’s RSI – W1 @ 26 – D1 @ 31 – H4 @ 39
