Bitcoin - Market Structure Overview | $BTC

As of this post, BTC is sandwiched between 62.5K & 60.6K. Both serve as important support/resistance zones on the HTF & LTF. Our objective is to identify market structure & whats next:

If BTC manages to flip 62.5K local resistance & close above. We can make a extension towards the 4H OB at 64K. Failure to flip 62.5K with force will result in a retest in LTF levels such as 61.4K & If that is lost the 1D OB at 60.6K is next. Its important to note that if we form another lower high at 62.5K, revisiting the 60.6K 1D OB will become a saturated level and have a increased chance of snapping on revisit.

If the bearish thesis plays out, we can expect revisits below 60K at either 59.3K or 57.7K. However, if we are able to consolidate & flip 65K this would confirm that we are maintaining bullish structure & we are likely headed for 70K next.

I hope these structural contents help ❤️