BTC failed to hold the 40k line of defense and since then price is in a free fall. Worse yet, BTC just confirmed 40k as RESISTANCE yesterday... not cool bro.
Because of that, the next key support is found in the low 30k...
I warned about this for a while and you can check my previous post linked below 👇
MACD on daily timeframe is firmly bearish now and that will take time/weeks to curve back up. So don't FOMO or hope for a recovery any time soon.
Chart is unbiased and clear. We're in a bearish trend, trade accordingly.
Bias remains bearish. Prepare to buy much lower later on.
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