The bear case.
Bitcoin really needs to hold the line here and not drop anymore. On the smaller time frames we need a move above 53k that holds and then build upon it.
Looking at the volume and price action we could break this support and retest the lower support one more time.
The good news here is the ADX and DI it still shows an uptrend.
Looking at the volume and price action we could break this support and retest the lower support one more time.
The good news here is the ADX and DI it still shows an uptrend.
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