We have come down fast and hard on $BTCUSD and to me it is clear the bottom still isn't quite in yet. However, the 5400 region does not seem to be tested as resistance fully, and dates all the way back to the bull-run of 2017 as a key area.
It looks like we have the opportunity of forming an inverse h&s to reach this region in the next week or two. This would confirm the price as strong resistance therefore pushing us back down and making new lows.
Alts look to need breathing room as well, and the market has been brutal lately. This move would be perfect, but perhaps too perfect...
One thing I know is we will go down further eventually. Take this with a grain of salt.
-Cryptozor
It looks like we have the opportunity of forming an inverse h&s to reach this region in the next week or two. This would confirm the price as strong resistance therefore pushing us back down and making new lows.
Alts look to need breathing room as well, and the market has been brutal lately. This move would be perfect, but perhaps too perfect...
One thing I know is we will go down further eventually. Take this with a grain of salt.
-Cryptozor