$BTC
BTC is trading around 75,300 and still moving down on the 4h chart. Price has been making lower highs for days, and the big drop on Nov 5 shows sellers are strong.
Right now it is bouncing a little from the 74,000 area. I think this is just a small relief move. The area I am watching is 77,200 – 78,000. If price goes up there, it can face heavy selling.
If BTC gets rejected from that zone, I expect another move down toward 70,200.
My view stays bearish as long as BTC stays below 79,300.
Not financial advice. DYOR.
#BTC #Bitcoin #CryptoTrading
BTC is trading around 75,300 and still moving down on the 4h chart. Price has been making lower highs for days, and the big drop on Nov 5 shows sellers are strong.
Right now it is bouncing a little from the 74,000 area. I think this is just a small relief move. The area I am watching is 77,200 – 78,000. If price goes up there, it can face heavy selling.
If BTC gets rejected from that zone, I expect another move down toward 70,200.
My view stays bearish as long as BTC stays below 79,300.
Not financial advice. DYOR.
#BTC #Bitcoin #CryptoTrading
