We lost the support at 44k last night and saw a pretty sharp breakdown and is now acting as resistance on the smaller time frames.
Expecting a continuation move down to the area of interest around 38-40k before seeing another attempt and trying to change market structure.
IMO the market is still bearish and any bullish rally we have is a short term recovery.... You know how everyone screams "BUY THE DIP" in a bull market?
Well in a bear market we "SELL THE RECOVERY"
If you have trouble looking at charts objectively because of a confirmation bias, try inverting the chart and having another look
Expecting a continuation move down to the area of interest around 38-40k before seeing another attempt and trying to change market structure.
IMO the market is still bearish and any bullish rally we have is a short term recovery.... You know how everyone screams "BUY THE DIP" in a bull market?
Well in a bear market we "SELL THE RECOVERY"
If you have trouble looking at charts objectively because of a confirmation bias, try inverting the chart and having another look
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.