This chart is nothing fancy, just a basic wave analysis. We will likely bounce off of the current support range of 71-75, retest and potentially break 9k, and then resume the bear trend.
Since the local high at 13.8k, BTC has been in what appears to be a descending channel. Also sort of looks like a slightly extended 3 falling peaks formation, but that's not really my area of expertise. So what do you do when a descending channel is formed? You crack a bottle of your favorite alcohol, short the tops and long the bottoms (if you're brave). As...