Another strong weekly closure for Bitcoin.
This breakout has led us toward the first liquidity area (💧🔨) around 52/53K, a zone that I was eyeing after the recent strength, as showcased in the previous update.
Now, what's next?
This area, in my opinion, should be the ideal one from which to see a pullback (ranging in the meanwhile is bringing some altcoins fun) individuated into the 2 PB zone (🧲)
• PB1 ~> retest of January highs
• PB2 ~> potential extension till equilibrium point
These 2 retraces would be healthy for the whole structure and would set a macro HL.
I would be very surprised to see another impulse without a correction, to be honest.
In the chart, we can also see the 2nd level (💧) which will act as the last defensive bulwark before the ATH at 60/62K.
Both 2 (💧) levels are crucial to overcome printing an HTF closure above, for testing old and developing a new ATH.
As always, be elastic enough and prepared to consider both sides.
Be a chameleon.
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