Bitcoin 1WTF Macro Bearish

28 Agu 2023

BTCUSD 1WTF Macro retest and breakdown more specified with additional thoughts

This is how I expect the retest shown earlier to take place:

- Bear Flag on the weekly

- Bear Flag on the daily


- Based on structure, the retest will be up into the region of 27.58-28k



- See the top in 2022 as an example



Some thoughts :

- if I get a good S opp. in that region I’ll enter

- 30k region is out of scope for the next months

- I’m still expecting deep downside movements

- a new lower low is likely

- DCA below 19k and mostly not trade till then

- Bullish above 33k