A has now formed with the characteristic declining . The daily/4h charts look ugly while the 1h looks like bulls are struggling, with price hovering around the monthly close for a few days now.
I'm going to look for a break of the , a retest back up to the monthly close and then a move down to the major trendline around 54k . This then may form a huge H+S which I'll post about if it does.
If this interests you, have a look at my other posts about why I'm HTF on BTC under related ideas.
Happy trading, follow for more:)