BTC broke below support and printed a low of $84,450 yesterday. There is significant liquidity resting below $84k and $92k.
On the positive side, BTC has formed a higher low compared to the December 1st low, which is technically encouraging, but from a technical perspective, this move appears to be a retest of the bear-flag breakdown. So, basically, mixed signals across the board can be seen.
Caution is advised for both longs and shorts in this zone.
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$BTC Update:
BTC broke below support and printed a low of $84,450 yesterday.
There is significant liquidity resting below $84k and $92k.
On the positive side, BTC has formed a higher low compared to the December 1st low, which is technically encouraging, but from a technical perspective, this move appears to be a retest of the bear-flag breakdown. So, basically, mixed signals across the board can be seen.
Caution is advised for both longs and shorts in this zone.
DYOR | NFA
#Crypto