BTC - Market Structure 101!

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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

The BTC market structure has been very clean lately, which I find interesting.

📉Previously, after breaking below the last major lows (marked in red), BTC dipped.

📈Similarly, after breaking above the last major highs (marked in blue), BTC surged.

🔄If history repeats itself, and the current last major low marked in red is broken to the downside, we can expect another dip in BTC towards the $69,000 - $70,000 demand zone.

Meanwhile, as long as the current minor low in red holds, BTC would be overall bullish short-term and further upside is expected.

🕝What do you think?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich