Another strong weekly closure for Bitcoin.

This breakout has led us toward the first liquidity area (๐Ÿ’ง๐Ÿ”จ) around 52/53K, a zone that I was eyeing after the recent strength, as showcased in the previous update.

Now, what's next?

This area, in my opinion, should be the ideal one from which to see a pullback (ranging in the meanwhile is bringing some altcoins fun) individuated into the 2 PB zone (๐Ÿงฒ)

โ€ข PB1 ~> retest of January highs

โ€ข PB2 ~> potential extension till equilibrium point

These 2 retraces would be healthy for the whole structure and would set a macro HL.

I would be very surprised to see another impulse without a correction, to be honest.

In the chart, we can also see the 2nd level (๐Ÿ’ง) which will act as the last defensive bulwark before the ATH at 60/62K.

Both 2 (๐Ÿ’ง) levels are crucial to overcome printing an HTF closure above, for testing old and developing a new ATH.

As always, be elastic enough and prepared to consider both sides.

Be a chameleon.

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