This is my thesis for bitcoin. We need to hold the old range as support or we are doomed to atleast test 23k and then possibly lower. Now, if we do hold 25k as support we can go up and possible reclaim market structure
Im leaning towards the bearish play but one has to actually see what happens around 24800-25000. Closing below 24800 is my signal to go short
Im leaning towards the bearish play but one has to actually see what happens around 24800-25000. Closing below 24800 is my signal to go short
Comment:
We held 24800 and bounced from the support level. The bearish play is invalidated and im leaning towards higher. :)