Following previous analysis, #BTC did dump and touched 63,500 level (support) but made a quick recovery and touched 70,000 level. The price divergence is still visible and another drop is expected to occur. The upcoming possible dump will most probably be deeper and more time-consuming compared to the last week's drop.
Crossing below the blue trendline shall confirm the corrective move.
Crossing below the blue trendline shall confirm the corrective move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.