BTCUSDT TAđ„
The spike came from the the intermediate support at around 52k-50k at this timeframe. Since then , the price has tested the bearish Ichimoku cloud and the horizontal resistance level.The structure in itself is bearish because of the formation of lower highs and lower lows. I'd be much more interested in buying 44k - 41k levels ( the pre-ETF range ) , if given the chance because that is the strongest support in this chart .So, in essence - A weekly close above 60k that leads to a higher high breaking the bearish market structure will turn me bullish otherwise 44k - 41k range is where my eyes are at for buying opportunities .