The way I see things, we will be in a down channel until we hit a new bottom. I don't think the support holding around the 7800 is enough, based on how easily we blasted right through it only 4 months ago. I see a good short-term buy here. Look for a good sell point (hopefully shortly after) we break $9k because there is a good chance it will fall shortly after that.
Before making the trade, please understand how strong that resistance is. We touched upon it 3 times on really strong volume and bounced off. We are not going to go back up so easily. Don't get caught up in your hopes and dreams about BTC when trading, because at the end of the day it's a financial asset and the pros are starting to get in. You have to be cold and fast. You see the trade, MAKE IT!
Before making the trade, please understand how strong that resistance is. We touched upon it 3 times on really strong volume and bounced off. We are not going to go back up so easily. Don't get caught up in your hopes and dreams about BTC when trading, because at the end of the day it's a financial asset and the pros are starting to get in. You have to be cold and fast. You see the trade, MAKE IT!