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CRYPTO MECHANIC
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$BTC Slowly bleeding down but still above the range, lets see where it ends. So far the overall market is just showing the weakness.

$BTC

Slowly bleeding down but still above the range, lets see where it ends.

So far the overall market is just showing the weakness.

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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$BTC Update i posted monthly charts and said i want to see the next monthly candle break the low first and then start moving up. Price broke the low $59k ish. it's the second day of the month and you never know what can happen in 30 days. So we keep that idea aside and see the daily chart. Technically this is the range breakdown. As long as the price doesn't move back above the $59k-$60k zone i think bears will remain in control and being bullish at this point will just be a bias. Looking at the daily chart there is no better zone before $53k area ( That last consolidation zone) I do not like to short BTC and i never suggest to do it. If you're a bull your safer entry will be once BTC moves back inside the range or you get it at a cheaper price. Bull market breakdowns are usually fake and we will get that answer in a few days. For now bulls should take a break and watch what bears can do. Long story short bulls have two options to ride the trend.
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We have seen a range break down before at $40k. This is what i mentioned in the below $BTC update. If this happens that will completely Align with our monthly plan.
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What percentage of your portfolio is in Altcoins ?
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I shared my monthly update on $BTC yesterday. Will share my lower timeframe thoughts tomorrow . Stay tuned.
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Read my monthly update on $BTC just in case if you missed .
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