Short and simple. Next bull run we looking for 103k, but before that, as low as 34k. 45300 is a daily level, and likely to get a short term bounce, or basically just a reloading point. When BTC breaks below the wick of 42k, watch the zone from 38k to 37300 for a momentary bounce. I would like to see BTC fall a bit after that as well; below the 0.34 fib zone to hit weekly levels of either 35500 or 33900. Basically we want to see BTC stay above the last low to theoretically create a better defined channel that Ill attach here to show about what it would look like if this all plays out. If you got questions how I got these levels, ask, I removed a bit of my chart to keep it clean, but that's basically it. Im leaning for the absolute low being 35500 fyi
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What we are seeing now is a new range. We have broken down, and now we have started to test the first support levels (0.382) as well as 0.702 on the fib channel.
Daily levels have stayed above on these levels of support, so until we close above or below, we most likely will start going sideways once again. Trade the range and watch for the daily closes))
Daily levels have stayed above on these levels of support, so until we close above or below, we most likely will start going sideways once again. Trade the range and watch for the daily closes))