#BTC broken the consolidating range to the downside and again made a down impulsive move lower after the retest. Price is about to reach the major support level around $42,000 and also we're mentioning from previous post that price is breaish unless it shifts the momentum from any major support level.
Comment:
Bitcoin is trying hard to hold above the support area. The wicks below the support show stop loss hunting and liquidations. If BTC breaks below $42,000 and closes a candle below it then we see a dump towards the $40,000 support area. Use stop loss in all trades.