With a new local low from last night and now testing around the marked resistance area, Bitcoin is losing one after the other battle, and I am honestly afraid, that we are out of consolidation and in a proper downtrend. Currently, I am not really looking for buy-entries, at least not yet or short-term orientated. To break this, we need more than up-volume, we need a heavy decline around 3k and see the buyers coming back.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.