Welcome to the weekly BTC update. We will have a look at the weekly, daily levels.
We are currently consolidating between two significant OB’s (Order Blocks). To become bullish we would like to see a close above the weekly OB which is giving us resistance currently.
At the daily level we also see consolidation taking place. We are currently in the daily support range. Which we indicated in the image below using the grey box and multiple arrows. We have also indicated the failed break out of the bearish channel, we want to see a close above in order to turn bullish.