@MANTRA $BTC
$BTC On the 30M, we appear to be inside a Three Falling Peaks pattern. The new daily candle has just opened, and we rejected from the top trend-line of this falling channel.
The measured move for the next leg down should take us into the previous monthly high region around 75.9k.
We would need to see acceptance below that level for a bearish breakout from this pattern and continuation towards the 73k region.
On the other hand, if we get a bullish breakout here, then we will likely move back up to fill some of the imbalance created yesterday on this drop.
My first POI to the upside for a bearish retest is the 77.7k-78.2k region, where we have an untapped wick acting as liquidity.