Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC now down to the critical 3500 to 3600 zone. Hard to speculate on what happens from here.
My Opinio is the 0,5 Fib Line reacts now as resistence if we break this resistence upwards we can go to the old support line i marked it with a red circle.
My Overall opinion on the market is still bearish but we can see for now a bounceback.