$BTC Still sitting at its big support & resistance level. This has been the 3rd drawdown of 7% or more since the local bottom at $58K. RSI levels have been reset and sentiment is quite neutral overall. So that's positive. In terms of price action, the trend is still clearly up. But the bulls would want to get the next leg going soon because sitting at a major level like this for too long is waiting to fall through at some point.
Daan Crypto TradesShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.