$BTC has officially closed its weekly candle above the May local highs…
This move is as close as it gets to seeing confirmation of a new HTF reversal being in play. There is now only one more move I’d like to see from price, which will tell me if we are going to see a correction before moving higher.
This move would be another retest of $82.8k on this weekly candle, followed by a bounce with volatility. This would be a textbook resistance flip into support.
This move would also mean that any weekly candle closes below $82.8k would be quite bearish and would likely result in a larger correction back to the high $70ks. Keep a close eye on all these levels!
The market is basically an art gallery—every chart tells a different story, and I already found the masterpiece
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