BTC IS BEARISH. 61K IS VITAL

Wait 5 sec.

BTC IS BEARISH. 61K IS VITALBitcoin / US DollarCOINBASE:BTCUSDSive-MortenMorning folks, So, as we said - don't hurry up with conclusion until market stands under 64K. Now we can see that the upside breakout is failing. H&S has been formed but BTC can't break the neckline and falling. Overall price performance looks bearish. Although nominally BTC still holds chance to turn everything around, if it holds 61-61.5K. In this case upside butterfly is theoretically possible. That's why we suggest to not take any shorts until 61K will be broken. Longs could be considered above 61K if 5-15 min chart will show clear bullish reversal patterns. For now I mark this setup as a bearish still...