🚨 🚨 Market Update - 👀
After a number of 4hr reaction from $114.7k (Prev Week Low,) Bitcoin has lost this as support and has swept $113k. I mentioned yesterday that the chances of a $112k-$110k retest is becoming more likely, and I still think this is very probable.
From here, the reaction if BTC retests $115k over the weekend is going to be key. If we get 4hr acceptance above $115k then this could be a range reclaim and a local bottom. If $115k is rejected, then BTC likely moves lower and we will need to wait for a new range low to form.