BTC - A close below 25100 could be problematic.
The support at 25100 is an area of strong support. If BTC is to experience a bounce near-term this area is where id expect the bounce to take place.
if BTC successfully bounces at 25100 the next challenge is to close above the MA200 on the daily which sits at 27400 .
A safe plan is probably to wait for a close above the MA200 at 27400 before entering a long .
...So what if BTC is unable to bounce at 25k and instead closes below it .
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Then id expect BTC to move lower to the 20k zone.
if BTC successfully bounces at 25100 the next challenge is to close above the MA200 on the daily which sits at 27400 .
A safe plan is probably to wait for a close above the MA200 at 27400 before entering a long .
...So what if BTC is unable to bounce at 25k and instead closes below it .
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Then id expect BTC to move lower to the 20k zone.
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