Before, Saylor has been buying $BTC, and its price went down. Now he sells $BTC, and the price goes up.
Interesting correlation.
Now that we have proceeded into the new month, $BTC is fighting for the 200MA, and the monthly kind of looks bullish.
However, for me, the most important dilemma is what type of 2022 TL to consider the most important and influential. The one that is built tightly to the ignition price action zone, or the one that is built on the lowest wick.
Based on this, $BTC is currently above the key 2022 TL, or is testing it as resistance.
It defines the real upcoming Bitcoin price action.
If we look at the lower tf and the price action we predicted lately, we can see that $BTC lost the orange supporting line and retested our key blue zone support. Then bounced and retested the orange line as resistance, and came back for the blue zone support retest again. Precise execution. ✅👍
Now is the hardest part.
The 4th wave either forms the reversal with resistance around $65k in the coming two days or continues to climb into the $67k-$68k resistance where two resistance TLs meet (orange and purple). Then, only after retesting that resistance, $BTC can reverse and try to return to the ultimate bottom target (blue line) that has been working as a bottom for us nicely until now.
The longer we are deprived of revisiting that blue supporting TL for the second bottom touch, the lower and more brutal that bottom will be.