BTC- No match for the long-term resistance zone

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
There is no sign of waning selling pressure yet and lower high/lower low structure has been established.

Bounce back is weak after the selloff.

Mostly likely scenario is for the price to come back down to the demand zone first.

Then, we go through a period of consolidation before the price takes off again.


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