We see a strong bearish trend on a 1-day chart (the red line), but on a longer-term, the uptrend is not broken yet which is very critical. Breaking the uptrend may result in a major drop to below $10k.
What is your take?
What is your take?
Note
The bearish candles seem very weak and it's holding the price above $10500 at the support point which is a sign of continuing the uptrend in the short-term.
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.