BITCOIN DAILY PERSPECTIVE Bitcoin / Tether USDHTX:BTCUSDTShavyfxhubThe structure of the market is what you should follow.the daily is giving a recognizable chart pattern on higher timeframe, a head and shoulder on daily with neckline broken . To put yesterday daily line chart close Demandfloor at 59-58k zone in context ,it was to enable price retest a broken neckline at 63-64k zone for another round of institutional take profit,the sell will target 50-47k zone based on the structure as illustrated. The structure on daily A,B,C,D has a designated Demandfloor and a supply roof. A price rally into The Supplyroof is a relief to market outcry on massive liquidation by institutional shorts ,while the Demandfloor is the much awaited market manipulation and institutional takeover which many traders don’t see. The demandfloor doesn’t look nice because it’s giving buy from 12k-20k depending on which day the price action updates the descending trendline acting as dynamic support. We have our weekly insight to guide you on the current market conditions. Disclaimer;this market structure interpretation is for educational purposes only. Do your research and trade at your own risk. #bitcoin #btcusdt