BTC needs to show some strength here, as if it breaks down below the horizontal support defined by the current lows, a LL will be printed. A LL will confirm bearish intent, particularly if it is backed by volume. The trend oscillator, although lagging, remains bearish, and Momentum oscillators are indicating potential volatility to the upside as the bulls attempt to respond.
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Check me out linktr.ee/btdcrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.