BTC USD 1D & 1W LONG TERM MACRO Volatility is back! Although not the favorable direction we wanted, any move towards progression is welcomed as we continue to transition into the next cycle.... Two nasty daily closures the past two days lock in the next couple months of price action signaling the test and restest of low 30's was most likely the top of this 8.5 month 2023 wave. Given the current PA and sentiment I'd expect us to continue to chop and test the lower end of the range that was created the past few months with 21.5k being a critical support area. Above on the weekly chart, I posted a macro path that I expect to play out over the next year, just to keep expectations in perspective..... SHORT TERM I'll Keep an eye out for a reaction / short term pump coming soon to SHORT. Cheers guys 🍻
Link to telegram post 👇
https://t.co/TOI4e9xDwF