Chart speaks for itself. BTC has been respecting this trendline that extends back to early June before the crash. I believe BTC is capable of reaching the major support line of ~17500 soon -- which may be the cycle bottom unless bears are able to breach it. I'm short BTC short-term and looking for a long entry in the near future.
Any major break above this trendline may be a good long entry, however, I recommend caution given the current market conditions.
Any major break above this trendline may be a good long entry, however, I recommend caution given the current market conditions.