$BTC The daily chart has just been hit again. The four-hour chart is exactly testing the support level I drew earlier, and it’s being held there—but this leg down is accompanied by a large amount of volume, so you can wait for this candle to close. At 8:00 this morning, check whether it can hold. On the one-hour chart, it’s very clearly after a large selloff: there hasn’t been a strong rebound, but instead it only bounced less than 25% before continuing to fall. So around 64,000, it’s likely not going to hold. Judging from the daily, four-hour, and one-hour charts together, it’s a bearish trend—so if you’re planning to go long, try to avoid opening long positions/orders for now. Just wait and see whether BTC can hold around 62,000.

BTC-1.60%
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