đ $BTC AND Market Analysis đ
Since the ATH $73777 the BTC has been trading in downtrend. You can see from the 4H chart its making lower lows and lower highs. It need to break the structure to be bullish.
The positive sign is that it has broken the resistance and retested it. But I can't say it's Bullish because I need confluence.
I am looking đ if ot breaks the previous lower highs or not which is around $68300 area and a resistance is around $69K area.
So BTC got to break this area and trade above $69K.
Till then it's bearish and you see it trading in a range.
Drop below $64K-$65K area we are again in down trend and we might see more lower lows and lower highs.
