🤷 Nothing new has happened on the market. The day after the 25 bps rate cut, #Bitсоin pulled back, retesting the key #trendline resistance stretching from the last #ATH at 126K - the same one formed by the completed ABC corrective wave. 📉

🔙 The last three rate cuts played out identically: a small upside move on expectations/announcement, followed by a correction. Previously, this came after a rising market structure that kept forming higher lows with large liquidity pools beneath them. This time, those pools are absent (though we do have some above).

The picture remains unclear - you’d expect that after such a deep correction, with heavy fear on the market and extreme oversold conditions, a breakout from the downtrend would be more likely. Yet the December lows are still a concern. 🤔

What do you think — are we moving higher, or will the downtrend continue? 🙃

$BTC

BTC

90,486.78

-1.76%