BTC - Let's See Which Trend Line Can HoldI don't normally talk about trend lines as they can be real pain in the a** sometimes as they get invalidated quite often but still. We can see that the green one is REALLY strong one so if broken yellow one will not hold as a support, the green one should. As a sad before BTC could still dip a bit lower with a wick, that would in practise scared a lot of retail because of this broken green trendline that would inevitebly occour in such situation. Don't worry about that to much as price would very quickly rebound back up. Market is already scared enough and selling pressure is diminishing and losing strength. Summer 2021 lows will hold till we get back into a 55-60k area, then after that we will collapse lower eventually. This is something we have yet to talk about when this will start to happen.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:BTCUSDT
