Purely price action.
Bear channel has no clear support level until $8000. That's the clear attraction for this phase.
Rejection of the $8000 level, with wicks to high 7000s will see price bounce to the channel trendline and, should it break, breach the $10000 region.
Long-term target of $11000.
Bear channel has no clear support level until $8000. That's the clear attraction for this phase.
Rejection of the $8000 level, with wicks to high 7000s will see price bounce to the channel trendline and, should it break, breach the $10000 region.
Long-term target of $11000.