LIFUI. O. LOR. #BITCOIN #BTC My Thoughts: Macro $93,000-$108,000

Personally, I do not believe that the recent price action has been beaerish. In my opinion, for a macro setup, I believe it is possible for price to test $50,300 and then consolidate for some time before continuing toward a new all time high between $93,000 and $108,000. In this event, price would consolidate between $50,300 and the current yearly low of $32,917 before pushing upward. A violent move above $50,300 is also a possibility. I am viewing the entire yellow boxed area as a greater macro consolidation - if there is a breakout above this box, in my opinion, the $93,000 - $108,000 region would be in play.

This trade idea is not financial advice. I am not a financial advisor of any kind.

Please do your own analysis, responsibly manage your risk, and stay safe.

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