We saw a new attack from the BEARS on #BTC today, which pushed us down to $78.7K, but it's likely they only managed this due to the terrible economic data released earlier.

Even though we're below $80K, it doesn't seem like we're heading towards $74K at the moment, as we were quickly pushed back up again. The last 4h candlestick, which will close the daily, should place us back at $80K, making the chart more comfortable for the BULLS tomorrow.
I hope we start to see a solid rise towards the yellow range tomorrow and then find support to continue advancing.

It's natural for the BIG bears to be euphoric here, as they believe it will be easier to break the bullish structure being built below $80K. However, they will likely be wrong about this, and the current pullback caused by news does not break or invalidate the core thesis of $86K.

The RSI has cooled off quickly, not just on Bitcoin, but on almost all altcoins. Today, in fact, altcoins showed good strength against BTC, with some barely moving downwards.

Bitcoin continues to absorb negative macro news without losing its structure, and this brings more clarity about the continuation of the bullish trend towards $86K.

So far, the BEARS have had the week all to themselves. Let's see how the market behaves starting tomorrow.

The thought remains the same:
"$78K is the new support that the BULLS will defend at all costs, and this will take us to $86K. I'm not in a rush here. The RSI is already improving on the larger timeframes. With a bit more time, we'll keep climbing."

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