$BTC Looking at this chart, I see the bounce-down (bearish) move is too strong, and there’s a high chance there will be another drop after this technical pullback rhythm. This pullback is luring the buy side, but the buyers probably don’t have much strength left. If selling pressure increases like this and the support zones underneath become thinner, then the next drop will be very deep. One more drop could pull Bitcoin back to the 82.5~ 82.7k area. For now, just wait for it to stabilize a bit—then buy whatever you want to buy. If you’ve got plenty of ammo and you’re confident, then go ahead and short. As for me, I still think it may drop further toward the ~83k zone before continuing with a deeper decline if selling pressure keeps increasing.
$BTC