Update from my last idea (linked).
Bitcoin failed to rally to the local resistance and instead broke into a downtrend earlier than expected.
We're currently sat right at support, and if it doesn't hold, we could go as low as 7.5k in the next move.
Psychological supports at 9k and 8k might stop the bleed, but I'd wait for a clear reversal before going long.
Bitcoin failed to rally to the local resistance and instead broke into a downtrend earlier than expected.
We're currently sat right at support, and if it doesn't hold, we could go as low as 7.5k in the next move.
Psychological supports at 9k and 8k might stop the bleed, but I'd wait for a clear reversal before going long.
