It is considered one of the most reliable analyses and is often followed.

If there is an upward movement, it is expected to rise from here. Bitcoin is close to breaking the previous weekly opening price at 105,600.

If there is an upward movement, it will rise from here, and in general, it will rise either from here or 105,600, up to the maximum point it can bounce from at 105,200. Otherwise, the market structure will have changed on smaller time frames, and it will drop further.

Now, or not at all.

The current price of Bitcoin is below 105,800.