BTC now found strong resistance at the 8400 level and has now begun to retrace. I'll be watching closely around the 8k daily support level which lines up with the 38.2 fibs level. If we see a bounce there we will see price head back up to retest 8400.
If the daily support can't hold we may pull back further to the next 4 hour support which is just above the 61.8 fibs level and a potential trend line.
If the daily support can't hold we may pull back further to the next 4 hour support which is just above the 61.8 fibs level and a potential trend line.