BTCUSD Macro outlook

2021년 5월 21일

Keeping it simple. I think it's too early to tell, I'd really like to see how we close the week. It would make a lot of sense to me for btc to run the lows at 28800 and ideally close back within the range to ultimately trade higher. In my eyes: conviction on direction right now is gambling, it's time to take what it gives us and right now that picture isn't clear.

Some scenarios to watch:

Weekly close below $43,000 and we undoubtedly run the lows at $28,000 if price closes back within the range above $28,000 on a weekly basis, the bull run continues
If 28,000 is not purged AND we have a weekly close above $43,000, the bull run likely continues.

ANY close below 28k on a weekly basis would spell the definitive end in my eyes.