09/05/23 Weekly outlook
Last weeks high: $29840.1 Last weeks low: $28740.0 Midpoint: $27640.0
BTC broke diagonal support that started building throughout the start of last week and since breaking it price has continued to plummet.
Currently price is under the 1h 200ema, price also looks to have confirmed previous weekly low as new resistance.
Losing 26.9k would be very bearish in my opinion, however a sweep and reclaim of that level could be a good place to go long as we're rangebound.
BTC broke diagonal support that started building throughout the start of last week and since breaking it price has continued to plummet.
Currently price is under the 1h 200ema, price also looks to have confirmed previous weekly low as new resistance.
Losing 26.9k would be very bearish in my opinion, however a sweep and reclaim of that level could be a good place to go long as we're rangebound.
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