what Next?
indeed itvis a rough ride once again but then the bull has prove so much resilience in defending 4hr diagonal support which is arround 57k zone and they could pump to the 59 zone.
what else 592k zone is a very sensitive zone and if the bull rejects this zone the Bears will seize this opportunity to short BTC to 53k zone which looks like the logical target for a short.
for this reason itvis advisable to be vigilant because if the bull rejects that zone I will also look for a short opportunity. if we flip that zone maybe more pump we will see.
also don't forget tomorrow we are expecting powel to deliver one of the most anticipated speech i deed I talk of rate cut and this will really show us the next phase of the crypto market.
in summary the bull rejects 592k zone the Bears will seize the opportunity to target 53k zone
if the bull flip it we could see additional pump
be very vigilant this days Lamo
