If BTC breaks down here, I think it would be looking for the high liquidity area in the $37k-$39k range. People tend to bid round numbers like $40k, but since it seems like everyone would have that same mentality, it would break through $40k before eventually carrying back on towards new ATHs mid Q1 2022... or it just shits itself back to ~$20k lol
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BTC bounced a little bit before i thought it may, trying to regain $50k. However, after failing to regain $50k it looks like sweeps down to $37k - $40k are more likely. I could see a bounce around $40k back up to try and regain $45k but then a drop (hopefully violent, so bounce has momentum) to ~$37k. Need that bounce or it's down to Summer lows
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Sweeps completed. Currently the Aug '21 would be the next level to sweep ~$37.2k.
Sitting about $1500 above that right now. Best case would be quick, violent dump down there and hopefully it gets eaten up quickly. If no bounce there, $30k is probably next stop.
Sitting about $1500 above that right now. Best case would be quick, violent dump down there and hopefully it gets eaten up quickly. If no bounce there, $30k is probably next stop.