⚽️ MARKET UPDATE ⚽️
(tomorrow will write my thoughts about SEC)
Support level - $5750
Psyhological support level - $6000
Temporary support- $6100
Temporary resistance - $6300
Main resistance - $6600
Analyzing 12-hour chart, we can see that RSI and MACD indicate overbought. Moreover, we broke through the support level 6200$, also broke the lower border of the bearish flag and fixed below. We have to follow the BTC right now: if we will break through 6100$ then we can test 5900$ and then fall even lower.
Mid-term conclusion: bearish. fall to 5000$ is still actual.
🎲 Talking about short-term prospects, we still have some chances to fly up for 200-300$ to... 6300$ at least. But it isn't confirmed so I won't advise you to open any position. What to do now? Wait for a movements that will show us the direction of further growth or fall.
What about major altcoins.. they are luying on their main support levels. With every BTC fall altcoins are falling less and less.
