$BTC This year, whenever the weekly candle closes below 78300, the price sees a deep pullback. It’s almost become a pattern.
This time, not only did it fall below 78300, but it also lost 76800. Since a break below 78300 previously signaled continued weakness, this time the signal is even stronger. The downside risk shouldn’t be underestimated.
In the short term, I’d rather stay on the sidelines and not chase a bounce. I’ll wait for signs of stabilization. #Bitcoin
#BTC #Crypto
This time, not only did it fall below 78300, but it also lost 76800. Since a break below 78300 previously signaled continued weakness, this time the signal is even stronger. The downside risk shouldn’t be underestimated.
In the short term, I’d rather stay on the sidelines and not chase a bounce. I’ll wait for signs of stabilization. #Bitcoin
#BTC #Crypto
