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<p>Monday morning update on $BTC 👇

First some general stats
> Major CB BTC discount
> Positive funding, no signs of absorption
> Relatively small OB bid-side skew

Not a great start for $BTC, but technically I at least think we have a possibility of testing 80k again. Key level is 77,600

Get a good reaction there > BTC can test one of all of these imbalances between 79,000-80,000

Fail to hold > test of the swing lows and probably lower is on the board

Even if we get a good reaction from 77,600 and a move into the 80's, I think $BTC will later reject and push lower. The orderflow + fundamentals are not good enough for a bottom.</p>

Monday morning update on $BTC 👇
First some general stats
> Major CB BTC discount
> Positive funding, no signs of absorption
> Relatively small OB bid-side skew
Not a great start for $BTC, but technically I at least think we have a possibility of testing 80k again. Key level is 77,600
Get a good reaction there > BTC can test one of all of these imbalances between 79,000-80,000
Fail to hold > test of the swing lows and probably lower is on the board
Even if we get a good reaction from 77,600 and 

Monday morning update on $BTC 👇 First some general stats > Major CB BTC discount > Positive funding, no signs of absorption > Relatively small OB bid-side skew Not a great start for $BTC, but technically I at least think we have a possibility of testing 80k again. Key level is 77,600 Get a good reaction there > BTC can test one of all of these imbalances between 79,000-80,000 Fail to hold > test of the swing lows and probably lower is on the board Even if we get a good reaction from 77,600 and a move into the 80's, I think $BTC will later reject and push lower. The orderflow + fundamentals are not good enough for a bottom.

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