$BTC - Weekly rejection & long-term momentum shifting? ๐จ
Are you bullish or bearish here? ๐
Following my previous weekly outlook, a dump toward the 73,000โ 74,000 range makes sense (monthly correction path).
A rejection on the trend again would surely lead to a sharp sell-off ๐ด๐
On the opposite side, if price keeps consolidating above the HL, we could see a test of 98,000โ 100,000, but this scenario looks less realistic because of the daily bearish momentum & bearish retest on the weekly, in my view! ๐ด
I closed my long positions in profit / break even to prevent bad volatility moves. (Too unstable market & fear).
Bulls looks pretty weak at the moment ๐จ
If bulls are unable to hold above 88k, then it looks could be a clean bearish setup to me ๐
What's your take? ๐
