This is probably one of the most important market updates we’re going to have on BTC in the next few months, and even though it’s extremely simple it’s what will define what happens to the market until the end of the year.
Price action over the last couple of days has been “bullish” while seeing a significant drop in volume, meaning less buying interest, and considering our BTC Market Dominance levels (on which we’ll be updating later today), a retest of $34,000 - $38,000 is becoming a bigger probability every second.
With a daily break and close below $41,500 we’ll be confirming this, meaning this is the last chance for the bulls to make their move.
Be extremely careful, have trailed stops in place and reduce alt exposure.
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We told you first,
the bitcoin diner 🍔