As we can see from the chart, BTCUSD has shown willingness to hold its support at mid 19K.
This support has been consolidating since Aug 29 and for more than a week now, it is recognized as a strong pivot point to trade against, for both bulls and bears.
The volume profile confirms the high interest encountered around the area.
The overall trend remains bearish, the break of this support might open a good continuation to the downside.
But, stop-hunt situations are always around the corner so, don't be surprise if someone takes the chance from people panicking for the fall to leave the offer empty.
This support has been consolidating since Aug 29 and for more than a week now, it is recognized as a strong pivot point to trade against, for both bulls and bears.
The volume profile confirms the high interest encountered around the area.
The overall trend remains bearish, the break of this support might open a good continuation to the downside.
But, stop-hunt situations are always around the corner so, don't be surprise if someone takes the chance from people panicking for the fall to leave the offer empty.