We're at the bottom of the downtrend channel, so it looks that there should be some resistance and we 'should' bounce back up with the closing of the current CME future contract. Let's pray for the whales.
There wasn't much resistance on that 7600 level but it's much stronger on 7000 and will be even stronger if we fall to 6000. Textbook capitulation would be a long wick down that is followed by a move up of equal or higher power making a red and a green candle next to each other.
If you look at 1d the green candle is still forming but looks small and weak which could mean that it's not the low people were waiting for. Anything can happen because 3000 was also not a textbook one.
. long term or short term , price is still important for you because price is the one that should be monitored the most . you never know what if btc continous pumped up ? if your not cheking it maybe youl missed your target goals . alts will surely follow up once btc reach that state .
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