#BTC

Despite the promising rebound from the Lower High, BTC only bounced to turn the Bull Flag bottom into new resistance

The LH is holding for the moment, but this recent turn of technical events could imply weakness on the Lower High retest

Especially since a new Lower High has developed ver recently (Chart 2) and a new potential structure within the range may be slowly forming

If the retest of the current Lower High fails, Chart 2 would become the main Daily perspective and it would be interesting to see if a Higher Low develops close to the Range Low of ~$91000

$BTC #Crypto #Bitcoin