In my last idea I said that we would drop from the top of that trendline to bounce off the bottom at least for another retest, but we broke through, retested the bottom trendline as resistance and hard rejected. Now we are flopping around like a fish out of water along this POC. At this point I'm stumped, not like I'm a BTC price action genius anyway, but still. I think a pullback was expected by many after 42k, but now it's like well.. how far do we pull back? Many stop losses are going to be eaten up including some of my own already by traders looking to get in on what they think must surely be support and we keep dipping. It's a whales game and we're at their mercy, they could be planning to stop out retail repeatedly all the way down to 29k again, who knows?
im eyeing 35 and 32 , if 32 breaks 28 then 25 k, watch the rsi adn stochastic and the 9,20,50,200 ema for confirmation of the moves wich ever way they go