$BTC broke below the 30-day low: current price 65382.83, previous low 65766.
After the breakdown, watch two things:
Will the previous low of 65766 turn from support into resistance (will a rebound fail to break above it)?
Did trading volume increase during the breakdown? A breakdown on low volume may be a false breakdown.
What confirmation are you waiting for before making a move?
It’s your own money—think it through before acting.
After the breakdown, watch two things:
Will the previous low of 65766 turn from support into resistance (will a rebound fail to break above it)?
Did trading volume increase during the breakdown? A breakdown on low volume may be a false breakdown.
What confirmation are you waiting for before making a move?
It’s your own money—think it through before acting.
