Good morning☀️

#Bitcoin has started to move sideways around $112k after the decline.

On the first trading day of the week, there was an outflow of $300 million from the ETF, but yesterday there was again an inflow of $100 million.

We have a $BTC that is at a 10% discount compared to last week, so this situation is attracting some investors to buy.

The long-term trend structure is still extremely positive. To be able to say that the short-term outlook has turned positive and that the danger has passed, we need H4 closures above $116k.

After such a closure, the current outlook will be more positive, and we will have escaped from the sideways saw phase that began after the decline, so the breakout above $116k is important⏰

I wish everyone a beautiful day and plenty of profits.