$BTC

Classic textbook structure, rejecting the mid-range and sweeping 83.9K for the first time in 2 months.

If we hold 83.9K, 87.4K-88K can be tested. Unable to hold 83.9K = sub 80K next.

If we test sub 80K, observe structure for a reclaim, no structure = no long.

We spent 4 weeks struggling to reclaim the $90K level.

Once $BTC finally did, price swept the highs and immediately reversed, opening with a flat candle back to the downside.

We’re now retesting that exact mid-range level, and this area is far more important than it may appear.

If we fail to flip it, all remaining untested lows are likely to get swept. Ideally, bulls want to see a strong body close above the mid-range to confirm continuation to the upside.