As you can see from the chart, we failed to break out from the downtrend from 64K.
Current short-term support is 42K as this is the 4th test in 1 month. A break down below 42K, could take us into Range X; which has its floor at 30K.
RSI is signaling further weakness as we break below the 50 level (drawn horizontally).
I want to note Bitcoin falling along-hand equity, means BTC cannot act as a safe haven; and should actually be considered a risk-on investment. As we notice Treasuries are the only thing up today.
Current short-term support is 42K as this is the 4th test in 1 month. A break down below 42K, could take us into Range X; which has its floor at 30K.
RSI is signaling further weakness as we break below the 50 level (drawn horizontally).
I want to note Bitcoin falling along-hand equity, means BTC cannot act as a safe haven; and should actually be considered a risk-on investment. As we notice Treasuries are the only thing up today.
Nota
broke support drawn and is now testing it as a resistance level.
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.