The price bounced from the strong resistance area. RSI and MACD confirmed the reversal. Bulls failed with their plan to push the price to $24 000 - 26 000. At least for now they are not so strong to do it.
We don’t have the bullish pressure. And it makes sense to consider a new attempt to move below $17 622, which is acting as support. If bears succeed, the market will have everything to reach $14 000 and $10 000.
There are no fundamental reasons for a trend reversal. We are in the bearish market and we should be ready to stay in such conditions for this year.
We don’t have the bullish pressure. And it makes sense to consider a new attempt to move below $17 622, which is acting as support. If bears succeed, the market will have everything to reach $14 000 and $10 000.
There are no fundamental reasons for a trend reversal. We are in the bearish market and we should be ready to stay in such conditions for this year.
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