$BTC is currently trading around $83K.
I mentioned earlier that we could see a move lower from $87K, and I reminded you again when $BTC
was around $85K. The short-term RSI divergence was also showing signs of weakness.
Now, this support level is very important for Bitcoin. If $BTC can hold this area, we could potentially see a move back toward $90K before the election.
However, if this support breaks, the next major support to watch is around $77K.
Personally, I’m more interested in looking for a long entry around the lower levels. If you still want to open a long position here, consider keeping some capital available to DCA around the $77K area in case the market continues lower.
#BTCFallsBelow$84K
I mentioned earlier that we could see a move lower from $87K, and I reminded you again when $BTC
was around $85K. The short-term RSI divergence was also showing signs of weakness.
Now, this support level is very important for Bitcoin. If $BTC can hold this area, we could potentially see a move back toward $90K before the election.
However, if this support breaks, the next major support to watch is around $77K.
Personally, I’m more interested in looking for a long entry around the lower levels. If you still want to open a long position here, consider keeping some capital available to DCA around the $77K area in case the market continues lower.
#BTCFallsBelow$84K