Support isn't being respected. Another move down could be possible.
In the grand scheme of things Bitcoin is very bullish so if you're already long from a while ago and don't mind holding through funding/ 20% drawdowns it should be okay to just ignore this move.
In the grand scheme of things Bitcoin is very bullish so if you're already long from a while ago and don't mind holding through funding/ 20% drawdowns it should be okay to just ignore this move.