Bitcoin
Short

BTSUSD: Potential Brief Pullback Then More Downside

  • on weekly chart, 45 period LR has transitioned to down
  • 2021 vol area bottom challenged this week but not closed below (yet)
  • 2022 S1 and Cam R4 may provide support for a brief pullback
  • ultimate targets could be the 2020 vol area lines (12053 top, 6856 bottom, or 9545 middle)
  • another target could be the 2022 S2 which is ~6856
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