BTC update! What key levels to watch here for a bounce
After the recent sweep of BTC highs last week, it's only natural for the market to go lower to find a liquidity level where buyers step in.
In this chart the key lows are tagged in blue. Time will tell which level will generate some kind of buyer conviction. If neither hold, we do have the previous weekly high breaker block in grey. This is our higher time frame zone to watch for a reversal sign.
Not financial advice, but this is not a great time to be too exposed, especially to alt coins. A 10% retrace on Bitcoin may be a 50%+ pull back on some alt coins.
In this chart the key lows are tagged in blue. Time will tell which level will generate some kind of buyer conviction. If neither hold, we do have the previous weekly high breaker block in grey. This is our higher time frame zone to watch for a reversal sign.
Not financial advice, but this is not a great time to be too exposed, especially to alt coins. A 10% retrace on Bitcoin may be a 50%+ pull back on some alt coins.
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