$BTC Update
As stated yesterday, we are now at a first crucial support level. The rebound as expected did not happen. Here is the current situation from our point of view (bullish and bearish factors in the short term):
1. A majority of liquidity has been taken out already
2. However, there are still a lot of leveraged longs that could be liquidated if price falls below 93k.
3. We are now at the 61.8 Fib retracement of the recent uptrend
4. Oversold on 1h and 2h TF, First bullish divergences on shorter timeframes (1h)
Conclusion:
We are at key levels right now. There is still some downside, but chances we are hitting a local bottom here are high #dyor
