Ok, the first support has fallen. Tech sell-off after higher-than-expected CPI numbers and all the FUD, ranging from a Midterm Blue Wave to Jensen Huang’s spy affair, was simply too heavy to digest. All right, we are now trading well below $75k.
But the good news is that the next support around $67k would fit perfectly into the formation of a big inverse Head and Shoulders pattern. That would be a very bullish chart setup if it plays out.
I’m remaining bullish and will stack more Sats if we really see Bitcoin dropping below $70k once again.