What is the feeling this morning?
The market has declined since the beginning of the session, as evidenced by the market capitalization, which then stood at $219 billion and now stands at $214 billion.
The Bitcoin is currently evolving just above its support at $6460 after breaking the previous one at $6550. From a technical point of view, the indicators are still rather negative at the 1h horizon except for the WaveTrends which has already crossed upwards.
From a Fibonacci point of view, we see that the 23.6% extension coincides with the next resistance at $6550. If the $6460 holds, BTC could then move on to its next resistance.
Nevertheless, be careful because is not an exact science! So don't forget your stop-loss!