These are the short term possibilities that can occur within the next weeks or days(imo).
In the short term, every time we hit support it turns into resistance. (Bearish Bias)
If this selling pressure keep it up we may end up around 30k.
Real value of BTC around 30k? Too much FOMO happened in that area it seems, so we may correct to 30k, if selling pressure keeps up.
This is just a thought an don't take this as advise, use a tight stop loss in this market because it's so easy to get liquidated on both sides at this moment.
no support maybe around low 30k, its just scary now for new traders and big long term holders are selling in waves
Skookum_
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@amaloyz, Completely understandable the best thing to do would be to wait out this volatility period or invest small amounts (DCA) instead of using margin. There is a possibility we have a bounce coming soon so be on the lookout and set price alerts near important S/R areas.