BTC makes 161 low

Little range. Sharp false break to the downside. Strong rally from 161.

Consistent with a move into wave 5 of an elliot move Basic bearish Elliot wave structure for SP:SPX by holeyprofit — TradingView

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If you're new here, this is a useful post for understanding this concept. Understanding the bear market rally Part 2 : BeatTheBear (reddit.com)

https://preview.redd.it/gh8xuw2ew1181.png?width=1920&format=png&auto=webp&s=f436f24d5582493e0e04e688ec876eef89e23b5d

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