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$BTC - Key supports not offering much ‘support’. What is happening now does not look good. We are now falling into the previous value area, acceptance back inside here then 60k’s will be inevitable and with the pace we are currently selling, it will come quick. POC around 66.9k.
As you can see this is a big value area that we formed after the last major impulsive move down where we put in the 59.9k low. The only hope for bulls now is that price fails to gain acceptance back inside and we begin trading back above the VAH swiftly. Else the next hope for bulls will be the daily 100 MA currently around 72.6k.
75k needs to be reclaimed quickly for bulls.