Inflation-related data seems to be spooking crypto market again... pushing crypto, and risk on assets, to the downside. As of 1145am MST, this hasn't been fully confirmed.
IF we see a bounce off the .07 region (support) to .073 and beyond...THEN it's looking bullish over the short term.
IF we see price goto .069 or lower...THEN it's looking bearish short term.
If we go bearish, I'm converting more positions to cash- which I've been doing throughout the past week. I'm stockpiling cash to buy on the way down at better prices.
Any differing opinions? Let me know! Would love the info.