Update on $BTC
🟠 Market Reflection – BTC under pressure
Despite minor bullish attempts on lower timeframes (H1 squeeze formations), we’re still under the influence of a broken DeMark T1 level on the Daily timeframe – currently anchored around 95,178.
Historically, these broken T1 levels almost always get revisited before the next major leg up – making this the strongest bearish signal in play right now.
Lower timeframes may offer bounces or fake breakouts, but unless we see volume-backed structure reclaim on D1, any upside should be treated cautiously – or maybe as potential shorting opportunities if upper trendline isn´t broken.
Keep in mind: 📉 We remain in a descending macro trend until proven otherwise. Stay alert, protect your capital, and trade with precision. Trading against the market is expensive!