Technical Analysis for BTC :

BTC has been consolidating for a few days now, and as previously seen, a large move to the upside occurred with a break of structure ( BOS ). In order for the price to continue its upward trajectory, it must reach those levels of liquidity, touch our demand point of interest (pOI), and bounce back with a break of the structure of the previous highs. If the price respect the level of demand, the move must have been a fake out, and it will continue to drop to much lower levels than we have recently reached.