Regarding Bitcoin, we don't have a close below 59k, not even a 4h close, which is stronger than I expected. We're consolidating here right at main support between 59k and 60k.

But be aware, once 59k gets lost, the next flush will follow.

Bottom is not in yet imo, but we can see some chop first.

If BTC breaks 60.7k, we could even see a bit of a counter trend move for some days.

Have a great start into the new week!

BTC Update & Hyblock Heatmaps

Clean bearish retest of my main key level on the 4h chart.

Bitcoin needs to reclaim this level asap, then it can turn into a sweep + higher scenario, but for now, I'm bearish.

BTC Update & Hyblock Heatmaps

This COULD turn into a deviation and we see a small recovery.

But everything below 65.7k is just noise. Bitcoin choping around. And definitely don't want to loose 59k again...

Gm and happy Saturday! ☕️

$BTC Update & Hyblock Heatmaps

Timeline is looking more optimistic and some indicators are pointing toward the bottom being in.

And yeah, a sweep of the lows with bounce instead of another flush is bullish.

But let's not get ahead of ourselves. We're still inside the range and everything below 65.7k is just noise.

What we need to see: continuous strength and a higher high above 67k. That's when the picture really changes.

So far we're just seeing a countertrend bounce in an obvious downtrend.

Enjoy the weekend and see you soon!