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I did expect we would get the upside we got from the 40-45K range of $BTC, but after, I thought we would get a deeper pullback at some point to like 32K or so...
I do not think that anymore.
One of the reasons I don't think so anymore is the Weekly Market Structure
In any chart, remember, that for the HTF directional bias, the most important tool is the W1 MS.
With the latest move, we got ourselves a new HL & HH confirming that.
The reason I also do not expect us to go lower than that is that if we were to break below 38,5K that would break the HTF MS and that would send us way lower so that is also our invalidation.