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BTC Urgent 🚨, Omg 😱.Nooooo !!
So it looks like we put in a local top at $74k and have already dumped 23%
Daily close wasn't good. I wont be buying or take a long position till we tap 52k zone. This is one fo the major support for BTC.
Historically speaking, 30% pullbacks are common in a bull market and if we are about to repeat the same, it puts us at $52k which technically coincides with 1D EMA200 as well
but everyone is waiting to buy at $51k - $52k and from what I've seen, we either front-run that level or dump through it
so what to do? where to bid?
i'd personally wait and see where this goes.
if we continue the dump, i think we wick down to $48k to shakeout the $52k buyers and that's where i'd like to start buying some coins.
sweet spot - $48k to $52k
on the contrary, if we don't dump i'll enter fresh longs on a reclaim of 4H EMA200 and take BTC as a proxy to start buying altcoins as well
