As we can see new falling trendline formed on bitcoin and price each time touch this red trendline fall hard and we may soon have breakout on this trendline and after retest or some few candles that close above this trendline we are looking for rise and that would be first conformation for market to show some strength after these huge falls .
Notice :as it mentioned with red arrow market can fall easily around here too and the reason is simple this trendline is still valid and is strong resistance that we are looking for breakout that not arrived yet .
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