The question here is how long does it take for this to really bounce back? Because if we go back here to that sell-off um into like the beginning of July, you know, Monday was pretty boring, Tuesday was pretty boring and then we start to have that recovery and we didn't really break out until the week after.
So, could this week be a boring week where we start to just kind of, you know, chop a little bit here and then we go into next week and we actually, you know, finally start to see that big break to the upside. It could definitely be that boring, but I would like to, you know, see a huge recovery this week.
Obviously, we have to wait and see. Um, but, you know, I I'm definitely focused on stocks a little bit more going into this week than, you know, just Bitcoin. But I will say one thing that I am watching on Bitcoin
You know, what we were mainly watching for was a break off of the lows of roughly 112K to target that 117K zone. The second that we get a daily close over this 117k zone, I do think that we will start to have a violent recovery on Bitcoin.
Why do I say that? Well, because we will be regaining major support from July. This is major support that we held on to. We finally lost it on July 31st, which is why we got this major, you know, push back down to 112K.$BTC