$BTC market update! ⚠️
While 99% of CX is stressing out, we'll be looking at some of the fundamentals to see what is really going on.
I mean, I get it. Chart does not look pretty at this point:
- Broke weekly structure
- 4 weeks of consecutive bearish candles
- No signs of any reversal yet
But zooming out, we're currently in a high probability trading zone with that strong weekly demand POI.
Let's break it down:
Weekly Market Structure:
This is the most important part, so let’s start here.
You clearly lost weekly structure with a clean BOS to the downside.
That BOS was followed by strong displ