Bitcoin Retracement Idea
Updated
Considering the higher time frame bullishness on DXY - a retracement to these levels would be healthy for the resuming bull run in Q2.
Note
After posting we saw a run a run up above the previous high around 62k where liquidity lies, and then the repricing below April 7th, 8th and March 25th's lows-now a break in the intermediate bullish market structure. It's likely we can see a further retracement below Feb 28th's low and into the flagged area - where a potential reversal is possible - or a further retracement to the levels outlined in my Monthly Bitcoin Chart.
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