39k is strong resistance

2022年3月5日

Look left and notice the multiple attempts at crossing 39k. Multiple rejections leading to an eventual 8.32% retrace. Combine that with the fact that we are going into the weekend, unprecedented geopolitical circumstances and the fact that it's currently dumping and it's going to be a hard to overcome in my opinion. If this does play out 37k is not out of the realm of possibilities while all global markets are closed for the weekend.