Looking at the 30M chart, you can see that BTC is in a clearly defined downtrend with multiple taps of the upper and lower margins.
A break below the bottom trend line is a strong sell. A break above the upper trend line is a buy.
Overall, bears maintain the momentum. Look for trend reversal in the 8k range, followed by 6.5k if 8k doesn't hold.
A break below the bottom trend line is a strong sell. A break above the upper trend line is a buy.
Overall, bears maintain the momentum. Look for trend reversal in the 8k range, followed by 6.5k if 8k doesn't hold.
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