$BTC
Take a look at 1000502227.jpg. Price formed a clear double top rejection right around 62,994.0 and then the bears took absolute control, printing a heavy series of red candles all the way down.
Right now we are resting at 62,870.0. The volume on this final breakdown candle is expanding significantly, showing that sellers are highly aggressive and trying to smash straight through this area.
If the buyers can somehow hold this immediate level and force a bounce, we might see a minor relief rally back up to test 62,900. But if this candle closes flat without a wick, expect a fast follow-through dump straight down toward the next key support at 62,850.39. Let's see how this minute close looks.
#Write2Earn
Take a look at 1000502227.jpg. Price formed a clear double top rejection right around 62,994.0 and then the bears took absolute control, printing a heavy series of red candles all the way down.
Right now we are resting at 62,870.0. The volume on this final breakdown candle is expanding significantly, showing that sellers are highly aggressive and trying to smash straight through this area.
If the buyers can somehow hold this immediate level and force a bounce, we might see a minor relief rally back up to test 62,900. But if this candle closes flat without a wick, expect a fast follow-through dump straight down toward the next key support at 62,850.39. Let's see how this minute close looks.
#Write2Earn