$BTC Here's why I am staying patient on the macro and what levels are important for the market to show it's hand.
There are two major levels right now: 60k and 74k. I'll go over the implication of each of these.
Let's start with 74k. It's a huge resistance level, and I expect at least a temporary rejection once we get there.
There are many confluences to why this is a big level, but the 2 most important ones are there:
- The range low of the HTF distribution range credited to @Larskooistra_
- It is the .382 fib level of the most recent impulse down.
The combination of these two makes it an ex