Bitcoin / TetherUS

BTCUSD - Assessing the Current Structure...

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This is a preliminary assessment of the overall structure, building on the previous analysis, which I still consider the most likely scenario. While I acknowledge the potential for further upside, I cannot ignore the strength of the overall trend.

From a logical standpoint, it seems we have at least a few more months of sideways movement in Bitcoin.

The trend remains weak, which is unsurprising to me and explains my recent lack of updates. I only post when there is notable progress in the structure.

I still have much work to do before I can form stronger views across the board, but I will do so in due time.

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