
This is what we are looking for on the LTF right now for Bitcoin. This can translate into a PO3 after reclaiming 80k, but in the meantime remember that selling pressure will persist, so we could move lower this week also simply because we are in the timeframe I highlighted before for a pivot low somewhere between the FOMC and the midterms and structurally we are under 80k. Either way, the trend for Bitcoin remains constructive to bullish in the mid term, because we broke the bearish trend back in August when we reclaimed the 72/73k area, and any pullback above that level should be absorbed by buyers, whether we go down to sweep the liquidity under A and tap 73k or simply hold here as a higher low, I still think we will translate higher after the midterms, and only after the FOMC in December can we begin talking about a larger pullback to retest the lows or even make new lows.
