🧪 BTC Retest of the Lows? Only if...
The scenario of a decline is still possible, but for Bitcoin to actually go for a retest of the local lows, the current weekly candle must close below the MSS level at $89,300.
So far, the candle is forming as a bullish marubozu — a strong upward move with no wicks, indicating buying power.
There are 3 days left until the weekly close. If we close above $89,300, logic suggests we’ll first test the highs, and only then we can talk about a potential decline.
Keep an eye on the movement, especially altcoins — in moments like this, interesting setups often appear.
Breakouts can be unexpected, but we’re ready for them.