Hi,
Bitcoin is chopping around but it is not breaking down. I think last line of defense is $18800
It has to hold that drop we are expecting. Otherwise $17500 will get a sweep and that could be spring.
But, I think most of the traders in not in long or shorts. Probably short sellers are waiting for $20500-20800 and longs are waiting for $17500-16500.
Market can trick you and I think $18500 is the tricky zone.
Let see how it plays out.
Bitcoin is chopping around but it is not breaking down. I think last line of defense is $18800
It has to hold that drop we are expecting. Otherwise $17500 will get a sweep and that could be spring.
But, I think most of the traders in not in long or shorts. Probably short sellers are waiting for $20500-20800 and longs are waiting for $17500-16500.
Market can trick you and I think $18500 is the tricky zone.
Let see how it plays out.