Something still is brewing between LTC and Walmart. Only time will tell what the actual scene is.

So if you read it again you will find that everything happened according to the plan. It has now tested the 38k to 40k area. 49.1k worked as a great resistance and falling below and closing below 45k put pressure and btc tumbled down to the do or die levels between 38 to 40k.

Coming up in some minutes from now

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Very important for future direction of the market on the whole

If you’re conservative, a $45000 reclaim would be a good sign for trend continuation higher. $50000 would be the first trouble area, but there’s a good chance that it would break quite early and pave the way towards $54000-$59000 (the pre- breakdown range).
If you’re aggressive, the market looks like shit on a weekly close below $38200. Accordingly, if it starts to turbo nuke sub-$40000 (and into the mid-$30000 for a wick), that is where your risk-to-reward is maximised given the proximity to invalidation. If there’s no bounce and/or the bounce is weak and still closes below $38200, the bullish case is likely cooked and the probability that the preceding rally was a complacency bounce becomes very high.
In summary, above $45000 and below $40000 are the areas to look to do business on the long side. Everywhere else is less risk-defined and quite choppy.