BTCUSD 1D

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It doesn't take a genius to see the market is incredibly bearish right now and a new low is likely on the horizon. Price has made consistent lower highs on both the intraday timescales and daily. I would expect a small squeeze up to 8,400 before the major sell off occurs, breaking 7,800 support. Might be an opening for a long trade once we reach consolidation, but this will come with some added risk given the market. This will also potentially come with a great short set up. We will have to wait and see.