BTC/USDT 1D CHART.
In case we need to hold the structure on weekly we need to protect the weekly closing below 85400.
Closing below This will Make it easier for Bitcoin to Reach 71-75k (Potential Demand, multi week Support and Bull breakout of 2021 Cycle).
I will personally Like it there in worst case scenario.
A wick tapping those zones will
Be better for a new bounce.
Currently bitcoin is in a no trade Zone.
Short term Breakout Zone: 88350-89900
4 hour close and sustain there will push push it 94-95k
A rejection from there will take it Below 83000 where there is millions of liquidity waiting to be grabbed.
Macro Is Still Very Very Bullish But micro is Bad, we are also not respecting 50Day EMA anymore.
