Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Keep a close eye on the key monthly level of $10,319 on Bitmex. In my opinion, if we close the monthly candle at or below that, it's likely dumpsterville. If we close above it, that shows long term technical strength. We could still test lower levels, but the close of this monthly candle will tell us a lot about the strength of this market.