BITCOIN - At the edge of the precipice!
In the weekly timeframe, as you can see, we have three correction candles (No. 1), and then we have the base candlesticks. Then we have the correction candlesticks again, and now we have the base candle, which compensates for some of these movements. Bitcoin does not have a good structure in a weekly timeframe because the last weekly red candle did not close completely above the previous red candle ($ 43,000). The selling pressure will be high until the weekly candle above this range is completed. So, in general, the situation is not very interesting in the weekly timeframe.
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