If you want to keep it very simple, you should be looking for breaks in downtrends before getting overly excited.

SHORT TERM

4H suggests that we want to see $60k reclaimed.

Reclaiming the most recent low is something that we haven't been able to do for this whole downtrend.

This would set the foundations to make a run back to yearly highs but it feels like a big ask in these conditions.



LONG TERM

3D suggests that $56.5k is the last hope otherwise it's all eyes on $51k.

However, the worry here is that this would create a lower low on this timeframes which is no bueno.

Market structure is so important to help you keep things in perspective during these times.