Doom and gloom chart 1800?
BTC held monthly support but has failed to push through this range and bounce off the level. We have had plenty of setups on lower timeframes to warrant a push to top of range and all have been heavily rejected. MFI is currently at historically dangerous rejection levels, look at previous rejections around this area. A lot of interest around the 8600 area but pushing through this would create massive downside liquidity from people trapped in this range. A 6600 support bounce into a rejection of the 6600 drop trendline at around 8500 could see the 1800-2500 range being hit.
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