Breaking the current Low Volume Area will target a new "lower low" and put the bull run start price on deck. Breaking and holding below that is a definite sign of cont weakness. Not saying Bitcoin is dead or im losing faith. Just objectively looking at what information the market is giving, and then figuring out what is most likely to happen next.
In a nutshell, Trying to call the lows and predict the market is a losing game, imo. All we can do is take the data and align ourselves with the market. Breaking the levels ive outlined is a sign of weakness and if you understand auction market theory, the next most likely thing to happen is explore lower prices. If we hold, that is a sign of strength (at least in a short timeframe) the next most likely thing is to drive price higher.
