$BTC short term scenario.
1HR chart.
I see BTC dropping to $6,400 - $6,300 because thats where all the volume and support is. If we break through $6,300 we could possibly test $6,200 - $6,000 as thats our next support zone.
IMO I think we are going to bounce off the 200 EMA ($6,350) towards $6,700 - $6,800. Thats where I will be waiting to see what happens. If we can break $6,800 we could very well test $7,100 - $7,200. We could very easily reject this area and retest lows. lets see what happens.
I see BTC dropping to $6,400 - $6,300 because thats where all the volume and support is. If we break through $6,300 we could possibly test $6,200 - $6,000 as thats our next support zone.
IMO I think we are going to bounce off the 200 EMA ($6,350) towards $6,700 - $6,800. Thats where I will be waiting to see what happens. If we can break $6,800 we could very well test $7,100 - $7,200. We could very easily reject this area and retest lows. lets see what happens.
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