BTC - LTF StructureCrypto Total Market Cap, $CRYPTOCAP:TOTALVIAQUANTBTC and the TOTAL crypto market cap are creating some impressive market structure heading into this week. A decent sized move is likely approaching in either direction, so I want to lay out the two scenarios to watch. BTC currently appears to have broken out of its lower timeframe structure and is in the process of retesting it right now. If buyers can defend this level and price begins to appreciate from here, it will confirm the breakout and lead price back toward the $68,000 level. However, if price breaks back within the structure and the retest fails, the breakdown scenario becomes more likely and would lead price toward sub $58,000. That scenario is outlined in more detail here: Looking at TOTAL's structure gives a broader picture of what the crypto market is likely to do as a whole. Although BTC is showing some strength within its lower timeframe structure, the total crypto market cap appears to be forming what looks like an ascending triangle. Ascending triangles tend to lean more toward breakouts rather than breakdowns. However since the market cap is still trading within this structure rather than showing the early signs of a confirmed breakout like BTC, it will be very important to watch how price action develops during the early part of this week.