Lastly, after the minor rebound following 11 o'clock, the Bitcoin price has returned to the $84,000 area. Those long positions that should be exited—be sure to exit. Holding on afterward carries absolute risk that outweighs the potential reward.
The probability that the $84,000 level will be lost is quite high. Below, an initial test may be launched against the entire 0.382 Fibonacci segment in the $83,000–$82,000 range. This range is also the final lifeline for the bulls.
The probability that the $84,000 level will be lost is quite high. Below, an initial test may be launched against the entire 0.382 Fibonacci segment in the $83,000–$82,000 range. This range is also the final lifeline for the bulls.
