Consolidation above previous ATH is extremely bullish. I bought the dip today and have extra cash in case we are lucky enough to get prices inside the green box.
If we completely lose the prior consolidation, I'd look for 95k
I continue to be bearish on btc and expect us to re enter the 2024 range unless Trump goes back on the tariffs which is extremely unlikely.
The closest comparison we have to where we are now in the context of the chart is September 2024 (the green box) since that is where we deviated below the daily compression only to reclaim it a few days later.
If the reclaim of MA300 does not happen this week then I lean towards the 60k's and possibly even 50k's depending on what tradfi markets do.
I am constantly keeping up with the news and waiting to see if any pivot happens that would send the markets higher but that isn't happening yet.
For now, I will continue trading intraday as it's suicide to hold trades for longer than a few hours.
Still in capital preservation mode, hopefully you guys are too.