#BTC#
Bitcoin has only produced a +2.5% bounce from the orange Weekly level
This is still in keeping with a "progressively weakening support" thesis
Bitcoin would need to break the Lower Highs (both candle-bodied and upside wicking trendlines) for invalidation
$BTC #Crypto# #Bitcoin#
#BTC#
Not too strong of a reaction at the moment
As long as the orange support here produces weaker rallies, price will keep forming Lower Highs to produce an eventual breakdown deeper into the $58000-$66000 Range (blue-blue)
$BTC #Crypto# #Bitcoin#