Current state of BITCOIN
After dropping through the area 29k6 ~ 29k9. BTC returned to test this resistance area and failed.
Then fall off quickly and hard. It is not surprising that we have analyzed this trend before.
Not pessimistic and clean, here is my analysis:
Then fall off quickly and hard. It is not surprising that we have analyzed this trend before.
Not pessimistic and clean, here is my analysis:
- What is the current state of BTC?: sharp drop
- Support nearest region?: 25k ~ 26k.
- Buy DCA or Long in this area?: Very dangerous
- Will BTC bounce back?: Sure but positive news and patterns are needed to support it.
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