Bitcoin marked its first red candle in 8 days the previous day. A small uptrend immediately proceeded but BTC took a big tumble beginning shortly after 8am UTC. The market is taking pause right now, likely in anticipation of 8am NYC. Expecting selling to continue throughout the day.
Comment:
It was unexpected that BTC would rally after 8am NYC hit. I expected a large move but anticipated a continuation of the short term move down. Now, I'm waiting to see if some solid support emerges higher up than previously thought.