TradeWithNoman
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$BTC Was quick to break down and is now trading at the $106K range low which is pretty important in the short term.
If we don't see a bounce back and retake of the range I will assume that we're putting in some larger local top and head to the low 100s next.
If the bulls can step in and retake the range then this could be what was needed to get us going again. But for that I do think stocks need to hold up as well. Seen some pretty bearish momentum there today and I doubt BTC can move up on its own if stocks finally cool off after the massive recent rally there.Still very much on the cautious side and will just wait this out here.
If we don't see a bounce back and retake of the range I will assume that we're putting in some larger local top and head to the low 100s next.
If the bulls can step in and retake the range then this could be what was needed to get us going again. But for that I do think stocks need to hold up as well. Seen some pretty bearish momentum there today and I doubt BTC can move up on its own if stocks finally cool off after the massive recent rally there.Still very much on the cautious side and will just wait this out here.
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