I think Bitcoin may bounce a little.
Although the Supertrend for $BTC is currently bearish,
there can still be some small rebounds along the way.
Today, the price fell as low as around 73,400.
It briefly dipped with a long wick, but I feel there may be a modest rebound.
76,800 is a resistance level above,
and the price could bounce back to that level.
You have to believe that without a major black swan event,
the market won’t just drop in a straight line.
Rises and falls are the norm.
But the overall trend is still downward.
BTC and ETH spot ETFs saw net outflows of over $1.6 billion in a single week.
Although the Supertrend for $BTC is currently bearish,
there can still be some small rebounds along the way.
Today, the price fell as low as around 73,400.
It briefly dipped with a long wick, but I feel there may be a modest rebound.
76,800 is a resistance level above,
and the price could bounce back to that level.
You have to believe that without a major black swan event,
the market won’t just drop in a straight line.
Rises and falls are the norm.
But the overall trend is still downward.
BTC and ETH spot ETFs saw net outflows of over $1.6 billion in a single week.
