Currently Bitcoin is trying to reach and break above 45500 area, that's key for me. Current PA is not what I would Like to see as a bottom, 2021 may-Jul consolidation is a perfect example of a bottom where lows are retested many times, while liquidity is being build upwards.
The current situation is the opposite IMO, liquidity is built below all this consolidation while 45k highs are being retested.
Clear close in HTF above the blue box and I will look to long to those objectives in chart, 49794 and 54037.
But for now I'm being cautious at this point, bitcoin is a tricky b*tch, so don't blindly long until there is a clear confirmation.
Good Luck.
The current situation is the opposite IMO, liquidity is built below all this consolidation while 45k highs are being retested.
Clear close in HTF above the blue box and I will look to long to those objectives in chart, 49794 and 54037.
But for now I'm being cautious at this point, bitcoin is a tricky b*tch, so don't blindly long until there is a clear confirmation.
Good Luck.