Starting to see some change of character short-term.
Bitcoin is going from ST bearish to bullish here, potentially.
Get the higher high, above $118.4k, and it will be official.

Bitcoin's price action since the ATHs.
Base, breakdown, new lows.
Often with a rejection on the prior support.
If we lose this level, like the other two, then we should expect lower lows short-term and keep letting the market cool off.
No need to force the issue short-term.

Caleb Franzen

Twitter

Source: Galaxy Research; Translation: Jinse Finance xz
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