BTC looks like it hit a bottom after LFG cleared out its $BTC reserves to defend its stability.

The momentum indicator if continues to curl up may produce a bullish momentum div , not yet confirmed. BBWP reading about to top out, no confirmation yet either upon crossover of its MA. EWT corrective target hit ~$30.7k from 1.272 fibs measured from late Jan. bottom to late March top. Not to mention we’ve hit the bottom of a fork

There are risk factors of this idea not playing such as:

• BTC continues to correlate with trades/ sp500 and drops alongside it as QT continues, and interest rates get risen from the fed.
• BTC has not retested the 200W MA
• Cyber security risks w/ regard to complete shutdown of power grids mining BTC and hosting/running many DeFi/L1/L2 services, with nations like RU/ CN engaging in non-kinetic warfare. We’ve already seen RU disconnect intercontinental cables in the Atlantic. As the EU holds out on gas during winter, we could see more desperate measures/retaliation through new avenues in 5th Gen. warfare.
• Shanghai lockdown fails to prevent the spread of bird flu, potentially inducing another global lockdown

If the trade does get stopped out, the next areas of interest for entry would be 23k if we close under $29.2k on the daily, invalidating bull impulsive Elliott wave since late June. The on-chain bottom is ~$27k, and 200W MA is ~$21K, both are also entries in the event of an invalidation.

Trade:
Entry:$30.7k
SL: $26.6K
TP: Hull MA ~$36k, ABC PoC ~$39k