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$BTC
We'll DUMP TO 66K and then 63K WILL BE UNAVOIDABLE !
This really was a NICE liquidation candle back to 70k, but I'm STILL BEARISH!
We're back to the middle of the range. However, this is clearly NOT an uptrend anymore.
As I said previously, an upward-trending structure was needed to have a real recovery and RECLAIM OF 90K
This has NOT HAPPENED and the most likely scenario is now a DUMP to 63k within a matter of weeks.
Yes, 66k provided us with a bounce. However, it may NOT LAST LONG especially if we crash back down.
This last pump was a mechanical effect due to a shorters getting exhausted on smaller timeframes.
But as we tap higher liquidity levels, chances are we are sent back down until a clean breakout.