Bitcoin broke a major high time frame structure and currently looks to be in a bearish consolidation. Previous support is now resistance as well as the psycological 30k level. This isnt good for short-medium term returns. Theres a lot of talk of a new bear market beginning but that is just noise imo. The stock market looks to be reversing. The question is going to be is this the end of the bear market rally or will it be a healthy bull market pull back.
Ill be looking at 4 levels:
20k (which there is a cme gap)
15.5k(prior local lows)
10k (major psychological level)
and 3-5k range (previous bear market double bottom and ALOT of Liquidity)
Stay safe
Ill be looking at 4 levels:
20k (which there is a cme gap)
15.5k(prior local lows)
10k (major psychological level)
and 3-5k range (previous bear market double bottom and ALOT of Liquidity)
Stay safe