Bitcoin at Make-or-Break Level: Bounce Needed to Hold $100K Support
With BTCUSD monthly bx closing 🔴 for October, the chance of this bounce is lower.
When the monthly BX is 🟢, we should be buying every weekly bias dip.
When the Monthly BX is 🔴, but were trading over green weekly bias, the support becomes more shaky
Still bullish for now ✅
Bitcoin must bounce right now or we are selling off the rest of this year to $80k / $70k
Make or break level 💯
-6.5% sell off since this post but the thesis still stands.
Weekly trend is still bullish and $100k MUST hold.
Monthly BX being 🔴 lowers the chances of this bounce happening since macro pressure is drying up.
Still bullish until $100K cracks
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