BitcoinShort
BTC favouring the downside
BTC support is holding around 92K HOWEVER , it’s been chipping away at this level over the past few weeks since it broke 100k and made its move to the all time high.
Price has consolidated between 100k and 92k and appears to be showing a bias to the downside and bearish flag formation as it’s been chipping away at that level and this obviously weakens support.
The air pocket between 92k - 73k is looking to be a near term probability of where price is expected to retrace to strong support. If this plays out it will be a big trade and then a discount buy from support of
73K
Price has consolidated between 100k and 92k and appears to be showing a bias to the downside and bearish flag formation as it’s been chipping away at that level and this obviously weakens support.
The air pocket between 92k - 73k is looking to be a near term probability of where price is expected to retrace to strong support. If this plays out it will be a big trade and then a discount buy from support of
73K
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