-Bitcoin is back at its daily key support area today -In terms of price action, this is technically bad because the support gets weaker -We can see this area has been rested multiple times since early May or a few weeks back -Now, the bulls are trying to defend this region again and the bears can look for another oppurtunity -I opened a few trades recently but decided to close them at a loss due to this immediate market shift -This is crucial for the crypto space because once this level is broken downwards, expect tons of fear in the market -We have to play defense and wait for any sign of strength before re-entering for a trade -As we all know, the S&P500 is also down recently which is highly affecting BTC price movement -Be cautious and do not risk a trade without a proper stop loss location
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