BTC Macro
Since I haven’t posted a chart in a while, here’s a vague outlook.
Three rejections in the mid-range
→ dump below the 0.25 trendline
Rising wedge below the trendline
→ textbook rejection and dump
Added a vague projection. Current macro support: $60k. But as you can see (as always), time is working in your favor: the longer it takes, the higher we go. Same goes for the potential bottom. Would love to see $68k (200 EMA, 1W).
After two cycles from support to resistance, this is the first time we’ve seen three mid-range rejections. Therefore, the correction might be shorter this time.