Gm! It is a new week again and we have new weekly candles 

During the corrective phase in Mar - Sep 2024, $BTC tested the 21W EMA + 20W SMA (Ben Cowen calls it the bull market support band) 3 times. 

Currently, the 21W EMA is ~$88k and $BTC has the potential to test it for the first time in this corrective phase. If you look at the momentum indicators, the current setup looks quite similar to what we had in Jul 2024 as well. If $BTC goes all the way to the 20W SMA, this represents a potential pump to $94.6k