#BTC
Bitcoin couldn't do it
Bitcoin failed to Daily Close above the Downtrend
In fact, price continued to form new Lower Highs in its already extended series of Lower Highs
On the latest rejection, BTC landed into the ~$78500 lows (red)
Continue to hold this level as support and BTC has a chance at challenging the $82500 level in the short term
Generally, BTC needs to Daily Close above red to position itself for a rebound
BTC needs to avoid a Daily Close below red as that would actually position price for a bearish retest seeing as BTC Daily Closed below red yesterday
