Bitcoin Loss of Support

18 Şub 2022

BTC double top with loss of support, immediate zone of support 37k to 38.8k with potential to push to 35k in near-term.

Macro environment uncertainty & hawkish Fed resulting in risk-off behavior.

Further bearish continuation likely with LTF bounces that present some opportunity for scalping activity but caution must be exercised as continued downward momentum remains in place.