We successfully retested support @5800 after daily TD9. As long the 5700-5800 hold, the possibility to break up 6850(or 6770) is getting higher. Be prepared.
We'll meet a daily 9 tomorrow. BTC has never keep climb with a daily 9 in the backpack in a bear market . Also considering the 6850-7100 area is a major resistance, BTC starts fallback to find its support level is highly possible. If we going down, 5400-5600 is crucial, if we lost 5400-5600, then 5000-5100 may also not hold, which means 4500 becomes the most...
BTC may consolidate here for a while, then we may see which will happen. If we copy the 2015's story, there will be at least one second low (maybe around 4500 area)in the near future, if 4500 not hold, the new lower low will definitely on the table. Considering BTC is perfect sync with S&P500/DJI these days, we may need to keep an eye on the stock market too. Stay...
I prefer the UP UP way :) If lucky, we may see a big rise in 1-2 months, even earlier.