BTCUSD 8 Hour
Updated
Price has reached broken support looking left, forming a new lower high here which aligns with the descending trend line. Personally, I am anticipating for price to make one more leg lower to the higher timeframe key level support, where a reversal may occur & buyers may step in to take control again around 30K... However, if price makes a breakout to the upside of this region price is stalling, then we could see the market shift & for buyers to keep pushing price higher.
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