Keeping this short and to the point.
BTC has been ranging lately, and we've seen multiple rejections from the Monthly Open which leads me to be near term bearish.
Ultimately, I'm targeting the weekly open for a bounce play up to the yellow area and ideally the monthly open. If we lose the dotted line at 7.2k with conviction, things won't be looking good.
No time frame, taking this one level by level. Overall, still waiting for more downside and for us to drop sub-7k.
BTC has been ranging lately, and we've seen multiple rejections from the Monthly Open which leads me to be near term bearish.
Ultimately, I'm targeting the weekly open for a bounce play up to the yellow area and ideally the monthly open. If we lose the dotted line at 7.2k with conviction, things won't be looking good.
No time frame, taking this one level by level. Overall, still waiting for more downside and for us to drop sub-7k.