We can see we are breaking below support line, and in fact a double bottom.
I have one hesitation, 4-hiurly chart is becoming oversold, and also we are in DARK MOON phase, suggesting low should be limited.
I am not ignoring the selling pressure and breaking through support levels. I would rather seek buying level near $ 1,648 for now, or when we re-establish 1,692 it may then be a buy signal for 1,790 > 1,878.
For now be in neutral mode and pick levels that will give more comfort.
I have one hesitation, 4-hiurly chart is becoming oversold, and also we are in DARK MOON phase, suggesting low should be limited.
I am not ignoring the selling pressure and breaking through support levels. I would rather seek buying level near $ 1,648 for now, or when we re-establish 1,692 it may then be a buy signal for 1,790 > 1,878.
For now be in neutral mode and pick levels that will give more comfort.