Bitcoin's return to 64k would not invalidate bullish trend
Bitcoin is currently in a sideways channel which could be a very bullish sign in the mid-term. A nice consolidation around the previous ATH level would shake out weak hands and would provide us with a proper base for the moonrun later during the year.
On immediate market structure: last week's point of control has been the level of 64k. If we get a pullback from the top of the channel, I see this 64k as a reasonable target for such downmove.
It is important to note that if we get a pullback to 64k and we get a bounce from there that would not be bearish, to the contrary, it would provide us with a higher low in the immediate swing trend.
Volume and market structure are important stuff. Read them, use them.
BTC
On immediate market structure: last week's point of control has been the level of 64k. If we get a pullback from the top of the channel, I see this 64k as a reasonable target for such downmove.
It is important to note that if we get a pullback to 64k and we get a bounce from there that would not be bearish, to the contrary, it would provide us with a higher low in the immediate swing trend.
Volume and market structure are important stuff. Read them, use them.
BTC