$BTC
Lets keep things simple.
If BTC can’t reclaim the 70–71K region, the 60K low becomes exposed.
Until BTC reclaims 71K, there is no structural confirmation for a move higher.
$BTC
Following up on prior analysis: price accepted above the monthly open (67.2K) and expanded into the 72K range highs.
We are now rotating back into the monthly open, making this a key POI to observe. Holding this level would keep the short term structure constructive, with upside rotations toward 68.8K (LTF resistance) and 70.2K as the upper extension level.
If price begins to form a local base here, I may consider initiating partial hedges targeting the 68.8K–70.2K range, with 66.5K as the structural invalidation.
Conversely, a loss of the monthly open would likely shift momentum lower, opening downside continuation toward 65K, 62K, and ultimately 60K as the terminal downside target.
@raynefield@cryptoskullx Trust bro he’s been dead wrong about everything for the last 3 months 😂 , just keeps saying 150k plus soon …. So focused on tryna shit talk Capo doesn’t even realize he himself doesn’t know what the hells going on