Bulls may have one last chance to save it by not letting is close below $6,315, anything below that and we have a bullish expectation failure and a new bearish expectation which would mean New Structure Lows and Lower Highs. If we begin to make support above $6,315 it would be safe to go long with a S/L under that previous HL. ($6,300)
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BTC has made a new structure low, has a bearish expectation right now. You'd be looking to sell the rallies not buy the dips at this point in time.
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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.