Market Update 🚨
The sell off on Bitcoin continues and so far there are no signs of a significant reversal. The August VAL and 4 hour order block at $55.5k has so far given some support. This is the zone we have been mentioning for a few days that was likely to be visited. I am waiting for further confirmations as this is not the ideal price action to over-trade.
Looking to see if we reclaim $57.2k Weekly OPen and Monday Low. If we lose $55k then a chance of a move towards $54/$53k.