Descending Triangle forming on 15 minute chart

BINANCE:BTCUSDT   Bitcoin / TetherUS
182 0
We should be testing 8k very soon, which is a major support due to its psychological importance and because it is near the bottom of the current downtrend and long term uptrend.

If 8k breaks, panic selling will probably take us to 5k, the next major support.
If we bounce off 8k, we will retest major resistance at 9.6k-10k.
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