Short

Bitcoin (BTC): Break of Structure / Possible Move To $50K

Bitcoin is breaking local lows where price has fully secured the zone of EMAs and we can call it now a good zone of "re-test" instead of "chaos.".

We are looking here for our next movement towards 50K so eyes on lower zones now.

Each daily candle that closes in red or suppresses the bullish move with a big wick is another confirmation for us!

Swallow Team

Note

Since yesterday, Bitcoin has dropped 5%, where it broke the lower support zone and resulted in a bigger break of structure on a 4-hour timeframe.

So far everything looks good so we should see a further downward movement so let's see!

Note

Ended up nicely

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