So, what's next for $BTC ? In layman’s terms, we are still in a bullish market structure. From a bullish perspective, we've created a higher low. The first higher high was at 66,800, and for this pullback to be considered healthy, we should consolidate here a bit. Ideally, I'd like to see us break the previous high aggressively, not through a slow grind, for the next higher high.
From a bearish perspective, any daily close below 59k would indicate we're heading back to 'goblin town.'
To summarize:
- Hold here, consolidate, and then aggressively push with bullish candles
or
- Break this range and close below 59k, leading to goblin town.
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