#MarketDownturn #ShareYourThoughtOnBTC #BitcoinStrategy #Bitcoin #BTC
Followed update on bitcoin. We have entered the Daily imbalance formed between November 20th and 22nd.
Be very careful. BTC can go as low as $91-90k and then if this does not hold… $86-82k
No alarm, it is normal to retest an imbalance, particularly when a bat like $100k is just above.
If this first imbalance level holds, it’s very positive for 100k. If not, we go lower and then the next perhaps. Or we go back up to retest 91–97 range.
Worth monitoring and stop loading or Take profit if you can.
Bearish short term.
Bullish long term.