$BTC currently trading below daily support at $37.3k after breaking and closing below its descending wedge.
Next support is the weekly OB at $30.9k-$29.5k. A daily close below $37.3k support will be bad for btc and a weekly close below $40k will send us back to $30k region.
I suggest you get out of your spot bags if this happens and wait to buy lower. But then again if you’re already on a huge loss, you can stay underwater and wait for a comeback.
I for one have been in a short trade since the bear trap to $43k region
Next support is the weekly OB at $30.9k-$29.5k. A daily close below $37.3k support will be bad for btc and a weekly close below $40k will send us back to $30k region.
I suggest you get out of your spot bags if this happens and wait to buy lower. But then again if you’re already on a huge loss, you can stay underwater and wait for a comeback.
I for one have been in a short trade since the bear trap to $43k region