As per Ichimoku 4H cloud, BTC could go down to 62k today before rallying up. These red clouds act like super magnets when the price is above them. So expect more bleeding till 62k before Wall Street reopens.
As for technical supports:
1) BTC is retesting its Q2 ATH which is very technically normal
2) BTC can remain healthy down to 55k as per 8W SMA, down to 50k at support,
Yeah, we are pissed that Alts bled badly all of a sudden after a wonderful Green Day, but hey… it’s the end of the year. Expect volatility to shake leveraged accounts, but November & December are meant to be green months in the end. So no worries
As for technical supports:
1) BTC is retesting its Q2 ATH which is very technically normal
2) BTC can remain healthy down to 55k as per 8W SMA, down to 50k at support,
Yeah, we are pissed that Alts bled badly all of a sudden after a wonderful Green Day, but hey… it’s the end of the year. Expect volatility to shake leveraged accounts, but November & December are meant to be green months in the end. So no worries
Unless you figure a way to make money while you sleep, you’ll work till you die.