Bitcoin 1D Bear Market Technical Analysis - Bitcoin is currently trading at 82,249$
- Bitcoin has so far erased 24.98% from its All Time Highs and especially after Trump's presidency.
- Market Structure shift looks completely bearish, unless we flip above 96,000$ on a daily timeframe
- We have many inefficiencies left until 73,691$ and I have drawn those paths as well.
- The first path shows price filling the inefficiency and then taking out more liquidity to fall further and clear the fair value gap sitting at about 63,329$
- The second path shows we might not not fall below 73k after filling the inefficiency rather we start building a base before moving towards the upside.
- Market doesn't look good from a structure perspective be very selective when it comes to punching trades.