$BTC possible Lower soon.
The price has now closed below the recent low, successfully invalidating bullish structure.
What I’m looking for next is a small relief pump to print a lower high before we continue to the downside.
The main area I’m observing for a potential lower high sits around $79K.
This is where we have some decent resistance, which also lines up with the 0.5 Fib level of the recent move lower.
If price pushes into this area and gets rejected, I’ll look for additional confluence to enter a short targeting the $74K–$76K area.
Let's see what happens next.
$BTC
#BTC
The price has now closed below the recent low, successfully invalidating bullish structure.
What I’m looking for next is a small relief pump to print a lower high before we continue to the downside.
The main area I’m observing for a potential lower high sits around $79K.
This is where we have some decent resistance, which also lines up with the 0.5 Fib level of the recent move lower.
If price pushes into this area and gets rejected, I’ll look for additional confluence to enter a short targeting the $74K–$76K area.
Let's see what happens next.
$BTC
#BTC
