BTC failed to sustain its upside momentum as well. Breaking below the countertrend line and currently floating below this level. This also keeps the projections in line with further downside to follow as we could not achieve the break through the trendline or crucial resistance right above.
The trendline retest is what's on the radar now, where we will be monitoring price action to see if we can find a good short setup towards $5600- $5000.
The trendline retest is what's on the radar now, where we will be monitoring price action to see if we can find a good short setup towards $5600- $5000.