BTC in the UH OH Area. The FUD is real. 😭

Broken below the $41k support area and right through below $40k with a big fat candle.

Will be interesting to see if their is a minor rally, or if we start to see peoples stops getting hit. If we get a waterfall of cascading stops that could build some downside momentum.

Next stop might be $37k and after that who knows.

You still bullish or bearish? Biggest question though - what is everyone else ;)

Kommentar:

Bit of a worry that attempt at a break failed so badly and couldn't even make a new high.

Kommentar:

And there we have it. Complete breakdown once that support had failed and it did indeed hit the next support at $37k as expected.