Can plywood be relied upon?

Unfortunately sometimes you got to take what you have. In this case we have levels around 58114 that I see very important. If price breaks down below that I can only see BTC heading down into the lower Purple Corridor with action between 53.6k - 56k. This would be a great opportunity to top up and even long around the corridor floor. This is visualised with the orange scribble.

I like the idea of scribbled green better. This path gives plywood a new meaning were it holds as support to allow the price to oscillate until Friday when price breaks out into the Purple Corridor. Here The Equalizer will initially show some resistance. But not for too long.