> Guys, look at BTC now - $81,766 (-2.55%)
>
> My simple read:
>
> We got rejected hard from 84,475 resistance and now BTC is just playing inside that 83.5k - 82.0k box. This is pure bearish consolidation imo.
>
> Why I'm bearish for now:
> đ Price is below MA7 (82,382) - that's not a good sign for short term
> đ Volume 1.89B but still no breakout, sellers are controlling
> đ If 81,376 breaks, next stop I am watching is 69,428 and then that big 57,800 level
>
> MA25 at 72,949 is still far but that's my long term support.
>
> I'm not opening long here. Will wait for a clean break above 84,475 or a breakdown with volume towards 69,428.
>
> What's your plan? Are you buying this dip or waiting?
>
> This is not financial advice, just my view. Trade at your own risk!
>
> Please Like Comment and Share With Your Friends đ
