Here is how my TA as how i see btc .
There's a support at 8277usd which we seem to respect in the short term.
As i see it we should bounce few times sideway between this support and the new downtrend.
Then once we pass the jonction of the downtrend and this support if it's respected we should see it make a choice between testing the upper resistance at 9372 or to fall down to the
if one there we fall through the 8277 support,
then we could go down to the next support at 7876..
Volume looks like its coming in with MACD crossing over and the RSI is currently showing us we are oversold However until some market structure is formed its a wait and see scenario.
I'll follow up as soon as some indicative shapes appears.
Thanks for reading my TA.
-I AM NOT A FINANCIAL ADVISOR, AND I DON'T HAVE ANY LICENSE OF FORMATION THAT GIVE ME THE RIGHT TO GIVE YOU ADVICE ON HOW TO INVEST YOUR CAPITAL. I ONLY SHARE MY TECHNICAL ANALYSIS.
-TRADE AT YOUR OWN RISK.
