Snowball Daily Market Update -
Bitcoin failed to hold support at $63,500 (last week’s low) yesterday and fell further to $61,000. This is a trend I mentioned earlier and is in perfect sync with the ETH limit order I sent out earlier, and the position is currently profitable. Bitcoin has now fallen below the 4-hour low of $62,500, so I expect this may become a resistance level for any retest this weekend. See if the $62,500 level can be reclaimed by the end of the week, otherwise the possibility of further declines next week increases. After such a large drop in recent days, I think it is likely that trading volume will remain very low in the next 24-36 hours.
