BTC had a large flush after its ATH of 123.1k causing most late longs to get wiped out. It seems fear has been overestimated and we should see a reversal soon. We're also near major support on the 4h and have an oversold StochRSI. CPI numbers are coming out today so make sure you're managing risk accordingly and only invest what you can afford to lose.
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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.