Can the "Week Finally Say I'm Strong? Is BTC Finally Recovering?Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PAkeelahTradersJoel 3:10 says...Let the Weak say I am strong. Well, nothing has been more weak lately than the crypto market. So, is BTC reading the Word and crying out? Happy 4th Weekend, Traders. I pray you all enjoyed your family and friends as we celebrated America's "Birthday". Well, what would make a better Birthday present than a gift of a BTC Pump? For the Crypto world, that would be the best present ever. BUT....the market doesn't care about fireworks, barbeques, and birthdays...it cares about STRUCTURE. So, in today's dive, we're going to look at where BTC is. What Got Us Here?: We have been watching this Bitcoin fall for several months now, and have been consistently pointing out that since the last major structural break near the All Time Highs, this baby has been falling. EVERY attempt to recover has failed miserably, and why??? Because the STRUCTURE has been pointing us to this large Weekly Demand Source at $52,500 - $59,900. Where are we now?: Now, we have finally gotten to this Weekly Source area, we just need to wait for the market to finally show us what it actually wants to do. If you've been following our posts on BTC, you know we’ve mentioned before… Once price gets down inside a major Weekly Demand Source, we need to start watching for either one of these coming OUT of that demand area.: 1. An H4 BOS UP and Return to Source OR 2. A Daily BOS UP and Return to Source Well… …the market has finally given us BOTH. If you look at the H4 chart first, we can clearly see that Bitcoin gave us: ✔ an H4 Break of Structure UP ✔ above the last H4 Supply Zone ✔ followed by a return back to the source ✔ and then continuation higher That is the Market Makers move to at least signal that this fall may be ending. Now, once we get a BOS UP, the typical target becomes either: 1. The Supply Source on that same timeframe OR 2. The Supply Zone on the next higher timeframe So since this BOS happened on the H4, the next place we need to go is the Daily chart. Now once we move to the Daily timeframe, things get VERY interesting. Because the Daily chart ALSO gave us a Daily BOS UP. So we have the H4 and Daily both showing us that this falling train is slowing. This is where traders need to slow down and pay attention instead of getting emotional. This is NOT where you get over excited and jump in and start buying BTC again. WHY??? Because, the exact same structure we saw on the H4… we should now expect the market replay it on the Daily. So... After this Daily BOS UP, I would EXPECT to see Bitcoin pull back into the source of that move first. That would be the Daily BOS Demand Source / Supply Zone area around the $60K – $60.7K area. THIS is the area to watch very carefully. IF Bitcoin pulls back into that source, and then gives us a bullish response OUT of that source, then and only then can we finally start becoming confident that this long-term falling structure has been broken. And if THAT happens… …then the next major target becomes the Monthly level sitting up around $71,400. Now can BTC still fail here? Absolutely! This is Bitcoin. BTC will humble many grown men and steal your sleep if you let it. But structurally, this is one of the FIRST times in months where the market is finally starting to say something different. So now the question becomes: Can BTC Finally say, "I am strong"? We’re about to find out! Trade what you SEE. Not what you THINK. If you like what we're showing and teaching here, leave us a comment and let us know. Also, join us for our Free live trading class on this Tuesday at 7pm ET if you can. Check out Youtube channel for details.