Currently positive, awaiting the weekly close. It remains positive so far. If the weekly close holds this level, our target is 7.584%, a level sufficient to push Bitcoin to the $55,000-$60,000 range.
📝 Note: This indicator is inversely related to Bitcoin and the market. Upward movement = generally market downward movement. Downward movement = generally market upward movement.
Bitcoin is currently close to an upward trend. A daily break and close below the 97,000 level will take us to the 81,000-74,000 range. After that, we will retest the 90,000 level, with the final target, God willing, being 60,000-55,000.
A daily close is necessary for this scenario to be confirmed. If the 98,000 level holds, we will see a retest of the previous high, but the indicators confirm this scenario.
We will try to capitalize on bounces and enter on each rebound as usual, while trying to avoid further declines.