Least was 9825 and today it was 9875 so if we take a break even point of these two which will be 9850, it looks crucial to me and if this breaks down, the double bottom pattern will fade and this will go below 9k and probably reach 8700 in order to create a new lower low for this week/month.
Just for everyone's info, please check today's low over Binance, it played out exactly as predicted and reached 9850 but didn't break below it and bounced back with a superb $350 surge in price taking it above $10200 (if you see 1h chart). I believe we're still under too much pressure at this point and I'd avoid leveraging any position and would rather watch the markets as BTC is playing out near its major support and I don't think that leveraging a long position would be in our favor ATM. I'm not asking anyone to sell, but just beware of these levels.
Im currently holding as of this moment and tend not to trade (leverage) i do have the same views just like yours that we are indeed on too much pressure. We might or might able to break that big support if it would
be retested out once again since the price is playing on 5 digit price level and would likely or not just too far for it to be considered.Its just stressful nor just too risky to make out positions at the moment
but if someone can really took the risk then go ahead but just like yours its better to be on observation mode and wait up for the right opportunity.
Holders like us need nothing to be alarmed in this price trending because at the end of the day?Bitcoin value recover over time.
I would say there are so many things we need to consider when we are daytraders but for Holders?no we are cool.
It's not bad to sell some when you know you bought some during the bearish market but it's bad to sell when you know you are at loss. This is the only regret that you guys don't want to happen so think it thoroughly if you really have to sell now because AFAIK the bull run is just around the corner. Maybe it would happen this end of the year or maybe next year, who knows?
thats same thing i do wayback when i am sure that there will be a recovery happening soon,but now?i choose to Keep holding and not to sell any
amount from the downtrend couple ays ago.