15/11/2022
📉 BTC Update
After breaking the $18k support, which happened in the wake of the FTX dispute, BTC pulled back a bit and crossed into the short stop zone at the 18.2k level. Having knocked out the stops, BTC considered it necessary to make a fall again. In the previous review, we made it clear that if BTC does not close around the price of 18.5k on a daily or weekly timeframe, we will be in a bear market zone.
Now there are two options.
The first is the scenario when BTC holds its formed support zone at the level of $15.6k and bounces up from it. And the second schedule is if we break through and close below the level of $15.6k. In this case, we are definitely preparing for a dump.
In general, there are very few factors in the market now that are on the side of the bullish scenario. In this case, the priority will be to wait for a good time and wait for the correct accumulation of BTC in the zone of each dive. Sooner or later, the market must turn around and show us green days.
Now it's better to be out of the market.
