๐๐ก The Previous All-Time High of Bitcoin from 2021 remains a pivotal marker in our journey. Can we conquer it and secure a close above on both weekly and monthly charts? โณ๐ The weekly verdict is in, and unfortunately, we closed below our all-time high. ๐๐ Failing to breach this level could trigger what I term a "range deflection," potentially leading to a downward rotation within our current range. ๐๐
We watch the monthly bar to see if it will regain strength and close above the ATH. For bulls who entered at $15k, this moment is critical โ deciding whether to lock in profits. ๐ฐ๐ญ Meanwhile, those who braved the bear market now face decisions: cash out or aim for the elusive $100k milestone? ๐๐ Newcomers proceed cautiously yet optimistically, eyeing potential gains. ๐ค๐ With millions of traders on edge, the stakes couldn't be higher. ๐ผ๐ฅ
Failure to close above, combined with a bearish shift in market structure on shorter timeframes (4h, daily), may indicate a significant retracement for Bitcoin. ๐๐จ
We watch the monthly bar to see if it will regain strength and close above the ATH. For bulls who entered at $15k, this moment is critical โ deciding whether to lock in profits. ๐ฐ๐ญ Meanwhile, those who braved the bear market now face decisions: cash out or aim for the elusive $100k milestone? ๐๐ Newcomers proceed cautiously yet optimistically, eyeing potential gains. ๐ค๐ With millions of traders on edge, the stakes couldn't be higher. ๐ผ๐ฅ
Failure to close above, combined with a bearish shift in market structure on shorter timeframes (4h, daily), may indicate a significant retracement for Bitcoin. ๐๐จ