Bitcoin price is compressing between uptrend market structure and overhead resistance. A large impulse move will be coming to decide if we take out the overhead liquidity at 32.5k or if the market structure finally breaks lower.
I am expecting this impulse move to come in this week which would align with major US market news. These can be seen in the image below shown in EST time zone, or on the chart with the red vertical lines.
Bitcoin price is compressing between uptrend market structure and overhead resistance. A large impulse move will be coming to decide if we take out the overhead liquidity at 32.5k or if the market structure finally breaks lower.
I am expecting this impulse move to come in this week which would align with major US market news. These can be seen in the image below shown in EST time zone, or on the chart with the red vertical lines.