$BTC
Open 1000502245.jpg. We have been grinding down in a steady downtrend ever since rejecting the 200.13 local high, and a minute ago the sellers tried to completely flush it down to a low of 199.15.
Right now we are printing a minor green candle sitting around 199.39. The selling volume on that drop was heavy, but the massive lower wick down at 199.15 shows that buyers stepped in immediately to defend that key psychological floor.
If this support holds up and buyers continue to push volume, expect a quick relief bounce back up toward 199.60. But if we fail to build momentum here and slip back under 199.20, that wick is getting retested and we might flush much lower. Let's watch how the market handles this level.
#Write2Earn
Open 1000502245.jpg. We have been grinding down in a steady downtrend ever since rejecting the 200.13 local high, and a minute ago the sellers tried to completely flush it down to a low of 199.15.
Right now we are printing a minor green candle sitting around 199.39. The selling volume on that drop was heavy, but the massive lower wick down at 199.15 shows that buyers stepped in immediately to defend that key psychological floor.
If this support holds up and buyers continue to push volume, expect a quick relief bounce back up toward 199.60. But if we fail to build momentum here and slip back under 199.20, that wick is getting retested and we might flush much lower. Let's watch how the market handles this level.
#Write2Earn