My read on Bitcoin right now:…

My read on Bitcoin right now: leaning bearish overall.

Here’s the bigger picture I’m watching:

Daily/weekly/monthly opens are all trading inside their value areas... no strong shift in control yet.

Multi-timeframe structure is still printing lower highs / lower lows. Downtrend intact.

Price has tapped into that $82K support cluster, which lines up with what looks like a Wave 4 zone to me. Wouldn’t surprise me to see one more leg lower... sub-$80K is still on the table.

Long ideas I’m watching:

Around $84K sits a clean CC zone lining up with a Gartley C-point long setup.

A sweep of last week’s low into the $79.5K daily demand would be a stronger long trigger.

Best scenario: take out the April 7th lows with a proper SFP/fakeout and reclaim... that’s where I’d lean heavier.

Short ideas:

Local trend is still down, and the anchored VWAP near the VAL around $91.5K is the level I’m eyeing for short setups.

#btc #blog