$BTC Update

Price closed below $60k yesterday for the first time. Technically, we now have a new lower low and a new lower high since the $126k top.
We've been discussing this ever since the market entered a downtrend: as long as the trend remains bearish, you should continue to expect more downside. There will always be bounces in between, and we've traded many of them.
The overall plan remains simple. As long as the market structure stays bearish, there's no need to call a Bitcoin bottom. Yes, you can still trade the bounces in between.
Current Picture:
Today's daily candle is something to watch. If Bitcoin manages to close back above $60k, ideally above $61k then you can expect some short-term relief.
Until then, there's nothing particularly interesting in the market, TBH.