Strong bounce from the lows into ~80k, but price is now running into resistance and showing signs of slowing down.
This looks like a classic weekly pullback into a bearish trend, with momentum fading and sellers likely to step back in.
If this rejection holds, we could see continuation lower, targeting the ~71.5 k area before going up again.
If price reclaims and holds above ~82k, then this idea is invalid.
This looks like a classic weekly pullback into a bearish trend, with momentum fading and sellers likely to step back in.
If this rejection holds, we could see continuation lower, targeting the ~71.5 k area before going up again.
If price reclaims and holds above ~82k, then this idea is invalid.
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