#BTC still below the previous month’s mid level $43800 and forming an inverse head and shoulder view below the previous month’s mid line.If the market breaks above the $43800 level we can expect #BTC to reach 48k.

#BTC marked PML (Previous month’s low) $38500 and we can expect further dump if breaks this level.

With the #BTC Spot ETF hype #BTC jumped into 49k and then dumped again 40k area. It looks like institutions accumulating with the #BTC dump.

Major key area is $43800 as the previous month’s mid area. If the market flips above this area, it will be a great opportunity for bulls to push the market further.