BTC Backtest 60000
To confirm the bearish market structure, I expect we backtest the previous high @ 60k.
At some point we ought to retest daily demand @ 51500. Need to confirm we can still hold this range. 51500 is the previous daily low, so it's also the bullish market Structure Breaker (MSB).
Realistically, it might not play out exactly according to the squiggle. Will likely be very choppy as people long and get rekt.
Summary:
backtest 60k
Test 51500 at some point afterwards
At some point we ought to retest daily demand @ 51500. Need to confirm we can still hold this range. 51500 is the previous daily low, so it's also the bullish market Structure Breaker (MSB).
Realistically, it might not play out exactly according to the squiggle. Will likely be very choppy as people long and get rekt.
Summary:
backtest 60k
Test 51500 at some point afterwards
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