๐ Whatโs really happening in the market:
BTC
64,354.63
-0.14%
BTC made a top near 70,872 and then started a strong downtrend
Price is making lower highs + lower lows (clear bearish structure)
Supertrend is RED, meaning the trend is still sell-side
Current price is around 68,000, after a heavy dump
๐ฅ What can happen next (real market move)
1) If 68,000 breaks โ
Then BTC can dump more fast toward:
โก๏ธ 67,600 โ 67,200
2) If 68,000 holds โ
Then BTC can bounce (relief pump) toward:
โก๏ธ 68,500 โ 68,900
๐ฏ My view:
Right now, the market is still bearish.
Until Supertrend turns green, buying is risky.
If you want, I can also tell you best entry, stop-loss, and targets for scalping on this setup.