Bad news FTM holders markets require more blood sacrifice

The price action of the past few days from the latest bottom of 66 cents seems to have been a bearish retest.

the massive long term support has turned into resistance

the bearish retest has been completed

now down again

RSI also has hit resistance.

more blood more pain

the bit question is when after 68-69 cents is reached:

double bottom confirmation and bottom is in, with rising RSI

or

max pain, max blood scenario of visiting 53 cents with also rising RSI, forming a bullish divergence?

the second part remains to be seen in several days

first part is clear

more blood from FTM holders

sorry, bulls

This is a SHORT-TERM analysis only