$BTC update
Saw this chart from Eliz and the setup matches my current view.
After the sharp drop, BTC is finally slowing down and trying to build a base around the demand zone.
The key now is simple:
➠ Hold the current low
➠ Avoid losing the support area
➠ Build enough strength for a move back into the range
If sellers fail to break this level, we could see a consolidation phase before the next move.
Tomorrow is an important test.
Watching this area closely.
#Bitcoin #BTC
Saw this chart from Eliz and the setup matches my current view.
After the sharp drop, BTC is finally slowing down and trying to build a base around the demand zone.
The key now is simple:
➠ Hold the current low
➠ Avoid losing the support area
➠ Build enough strength for a move back into the range
If sellers fail to break this level, we could see a consolidation phase before the next move.
Tomorrow is an important test.
Watching this area closely.
#Bitcoin #BTC