Good morning to the entire Crypto nation!!

Update for $BTC

Good morning Crypto Nation!

The bearish pressure continues and it seems that this distribution has a little more to go. Yesterday the price respected the marked zone to the millimeter, closing both the daily and 4-hour period above the zone, it gave us a small reaction of 2% and then broke the zone.

Since I do not delete analysis, I will comment that I took out the SL and I am currently looking at the daily chart for the next level. These are things that can happen but it is preferable to lose a stop than to have a negative position burning money.

My next zone is located at the level of 91,100 where I have an order prepared with its respective SL. Like yesterday, I expect a close above the zone, not just a wick.

If the zone is lost, I let the price develop because the following levels are very low and I have not yet validated an optimal zone.

It should be noted that when I define a zone, the first thing I do is avoid losing, so I calculate a suitable stop that is not large, then when the trade goes positive I manage the profit; sometimes the zone fails, but it is an acceptable loss.

Crypto Citizen says goodbye!