ChainMindβ›“πŸ§ 
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$ETH

Structurally, we need to reclaim 2,5K region but right now we are rejecting and compressing below it

If we fail to hold 2,4K probability of testing 2K with aggressive sweep highly increases here

But again it mainly depends on BTC price actions too

https://x.com/0xChainMind/status/2094535188642427113
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$BTC closed weekly above Support band but still under SMA50

So now we'll chop in this kinda range for a while but considering weak PA I'd say we're likely to dump below support band again

https://x.com/0xChainMind/status/2094813032597647803
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$BTC continues compressing in wedge on 4H right under 80K POI

A sweep of one side is likely before the real move begins

Compression before expansion

https://x.com/0xChainMind/status/2094966654379733147
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Here's how I see $BTC playing out

Eventually we'll breakdown BOS level here and retest 70K support zone to sweep liquidity there

Hold that and we are going to break 83K

https://x.com/0xChainMind/status/2095243759831167387
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Bearish divergence formed again on 4H

We're again huge overbought

You know what it means

https://x.com/0xChainMind/status/2095864708490231944
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Patience with $BTC here

We've got a huge liquidity cluster below previous range lows, around ~75K

After a pump this aggressive that liquidity almost always gets swept, no way we leave it behind

That's likely why we can't break 83K right now

https://x.com/0xChainMind/status/2095921829261046051
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Keep it simple... $BTC

Each major impulse is followed by an extended chop phase before further trend continues

We've had a strong move higher recently, so logically we're chopping for the next 3-5 weeks

Let's see if it keeps playing out the same

https://x.com/0xChainMind/status/2096924776711213165
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My current $BTC thesis

Even that technically speaking we haven't confirmed reversal yet, but we've definitely flipped bearish structure

So I doubt we revisit lows from here

Current uncertainly is just a chopping part that comes after each aggressive impulse which is quite obvious

And it lines up perfectly with cycle timings structure

Most likely we are about to revisit prior range high, now it's support, around ~70K and that's the max downside I see

Waiting for this play out over next months

https://x.com/0xChainMind/status/2097028576868512229
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