#BTC I was rejected once at 83K, and the sell pressure at this location really does exist.
But going directly from one rejection to 61K skips too many variables in between. Levels like 75K and 69K need to actually break below to confirm—it's not enough just to draw the levels for the price to move.
In the near term I’m leaning bearish, but when the path is drawn too smoothly, it often ends up not playing out.
But going directly from one rejection to 61K skips too many variables in between. Levels like 75K and 69K need to actually break below to confirm—it's not enough just to draw the levels for the price to move.
In the near term I’m leaning bearish, but when the path is drawn too smoothly, it often ends up not playing out.
