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Bad news in the market

BITFINEX:BTCUSD   Bitcoin
US SEC sues Coinbase, one day after suing Binance.

Bitcoin broke the support at 27,000 headed to the 200 EMA within 24 hours ..which ATM we are at the price of 25,335.
if this support broke then expecting to retest the previous resistance of 24,600 before recover back again.

bull market will start if btc remained above 32k for couple of weeks.
we are at the re-accumulation phase which could take 3 more months ( Sep-Oct)


not a financial advisor.

happy trading and happy profit taking!
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