#BTC still holding on quite well imo, considering. 

We have a very clear breakdown on the 4HR for the past few weeks (descending structure), where we have stayed below the track line, acting as resistance the whole way down (hence, staying red). However, that track line has finally turned yellow again, hinting at a basing stage, which also aligns with all of these local bottoms printing over and over. HTFs still sketchy, but going right into the new quarter/month we have a squeeze forming on LTFs, and this last local bottom now confirmed by the green dots/candles pushing up against the track line as we speak.

Daily still a bit sketchy, but we are holding just above the same local support set back in April. Keep in mind, though, the reversal near the dip here (teal candle) is invalidated due to the following candle closes, so we need a breakout from this downward structure to see some relief. Personally, I think we may see some relief going into the holiday week, but this close today will be interesting to watch as the market reacts. 

Perfect time to sit on your hands and watch for a setup to form. A close above 62k may provide some much needed relief, and a rejection at the track line or reversal of the trend inside this LTF squeeze may force us to retest the local support just below 60k again. Wait for a move, then reassess.
#BTC