Bulls have to step in to defend their territory, otherwise a much deeper correction will occur.
If the third test of the descending wedge resistance does not lead to an upward breakout, the 8500$ zone around the rising trend support line will likely to be broken.
Not a financial advice.
BTC retraced 0.236 from 10000 to 8200, now consolidating within 8400 to 9400. From a drop of 8200 there was again a Fib Retracement to 0.618 i.e. 9400. Now its important to watch this area, it will consolidate here around for a while, then we will see a drop till 8450....
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April month has beeen creating history every year, fuck the fundamentals of corona and other financial crisis.
See charts. every year something will be there but APRIL always pump. Remember 7300-7600 is Very Very Strong Sell Zone.
If 7300-7600 crosses the price will fill 8000-9000 CME GAP. Kiss 10K and Humpty Dumpty fall.
If weekly Body of candle closes above...