Support at 8325 has triggered a bounce , but when BTC tests a support many times it becomes weak support and will eventually fail and BTC dips lowver.
There are also 3 Dojis on the 7 hour candle right before this current drop.
The 3 dojis indicate an usually strong movement in one direction will take place and it could be an up or down movement .
However with the current BTC path i suspect we may see BTC drop later in the next few hours as the 7 hour candles close.
The last time the 7 hour candle hit the 3 dojis BTC dropped 2k
There are also 3 Dojis on the 7 hour candle right before this current drop.
The 3 dojis indicate an usually strong movement in one direction will take place and it could be an up or down movement .
However with the current BTC path i suspect we may see BTC drop later in the next few hours as the 7 hour candles close.
The last time the 7 hour candle hit the 3 dojis BTC dropped 2k
Comment:
Dead cat bounce