Damn… folks, buckle up!
I didn't expect us to break below 70K today. Things moved so fast.
Let's take another look at the chart.
The descending channel was already drawn during our weekly analysis.
That includes the gap at the current level. Price has reached it—let's see if it can make a V-shaped recovery.
You can see very clearly
that between 70K and 66,300, it's all a vacuum zone.
The strongest support is between 63,000 and 65,000, where the previous rally began.
Also, judging by the current selling volume, it's still quite heavy on the hourly timeframe.
Here's my current take:
Don't rush into leverage. If you do, it's best to wait for confirmation and trade on the right side.
You can buy spot at these levels, entering in batches.
No one can predict the true bottom.
The odds of breaking below the previous low of 58,000 have increased again.
How are you all holding up?
Where are you planning to buy in next?
This is not investment advice. You assume all risk!
$BTC #Crypto
I didn't expect us to break below 70K today. Things moved so fast.
Let's take another look at the chart.
The descending channel was already drawn during our weekly analysis.
That includes the gap at the current level. Price has reached it—let's see if it can make a V-shaped recovery.
You can see very clearly
that between 70K and 66,300, it's all a vacuum zone.
The strongest support is between 63,000 and 65,000, where the previous rally began.
Also, judging by the current selling volume, it's still quite heavy on the hourly timeframe.
Here's my current take:
Don't rush into leverage. If you do, it's best to wait for confirmation and trade on the right side.
You can buy spot at these levels, entering in batches.
No one can predict the true bottom.
The odds of breaking below the previous low of 58,000 have increased again.
How are you all holding up?
Where are you planning to buy in next?
This is not investment advice. You assume all risk!
$BTC #Crypto
