Weekly doesn't look great, plenty of support below however
Bitcoin currently riding the line of the previous breakout low, trying to consolidate and move upward.
Weekly RSI entering oversold territory. Still room for a further move to the downside but now that downside is limited.
Do not be hasty about moving into a position. Rather than catching the exact bottom, wait for a higher high and higher low to form. Reclaiming 43.5 and finding support on 42.5k would be a good start.
Support bounces should continue to be sold until a proper low is established. A couple levels of interest highlighted in green, no guarantee we get down there but thought I'd share.
Weekly RSI entering oversold territory. Still room for a further move to the downside but now that downside is limited.
Do not be hasty about moving into a position. Rather than catching the exact bottom, wait for a higher high and higher low to form. Reclaiming 43.5 and finding support on 42.5k would be a good start.
Support bounces should continue to be sold until a proper low is established. A couple levels of interest highlighted in green, no guarantee we get down there but thought I'd share.
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