#btc weekly tf

📈 btc is showing a global bullish weekly structure with a lower boundary at 66,835 and an upper one at 108,435 (Binance spot)

for the uptrend to continue, we need a weekly close above 108,400, which opens targets up to 118-122k for btc

ideally, it would be nice to see a retest of the discount zone, which is everything below the 0.5 Fib level (87,560). on strong trends, they don’t always give us a retest, though

📉 to cover at least 50% of the imbalance, a drop to 85,560 would be perfect. +there’s solid buy-side liquidity down to 84k, where there’s a dense cluster of buy orders

I’m not saying it has to happen, but given the areas of interest, this scenario is totally plausible. no need to stress over the market if we see moves like this - it’s all part of the game

Satoshi Calls