Bitcoin Short @35K OR straight collapse to 30K?

Bitcoin has seen a very bearish few days after getting rejected from 41K. Ever since that rejection and the break below the 200MAs on the 15Min and 1H chart, price has been unable to recover above it. The most recent test of the 200MAs on the 15Min resulted in a rejection and prices fell even lower. We are seeing a slight bullish RSI divergence, so price might rally a bit from here. Currently the 200MAs on the 15Min sits at around 35K, so i will be looking for a potential short in that region if the RSI divergence leads to price to get back to that region. Of course, if price breaks below 32K, then this bullish divergence is invalidated and we might fall to 30K right away. Be cautious fellow knights!


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コメント:

32k broken. Looks like the more bearish of the bearish scenarios is playing out. Let’s see if 30k can hold.