Bitcoin starting a new leg lower?

BTC/USD COINBASE:BTCUSD

Eightcap

A heavy shift in momentum sent risk markets sharply lower yesterday. Cryptos also took a beating as traders jumped out of risk assets. Bitcoin was cut down, losing over 8%. Sellers broke through 37,600 support seen on the 4H chart.

Looking at this move, do we see a new breakout lower? We have a series of LHs leading to a new move lower, signalling a normal trend. If sellers can turn 37,600 into resistance and set a new LL, we could start looking at the breakout as confirmed.

Good trading.

You might be interested in …

Trading View April 28, 2022

ALGO is Ready For SHORT Position

ALGO is Ready For SHORT Position Algorand / TetherUS BINANCE:ALGOUSDT mazihowk ALGO /USDT is Going to get a good setup for SHORT POSITION you can get this position with LEV 11X Good Luck & dont […]

Trading View April 6, 2022

Saitama up

Saitama up Saitama/Tether GATEIO:SAITAMAUSDT mahdielmesoudy Saitama up, end of downtrend. Saitama up, end of downtrend. Saitama up, end of downtrend. Saitama up, end of downtrend.

Trading View February 7, 2022

SLP big update

SLP big update SLP / TetherUS BINANCE:SLPUSDT Trader_OMS Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors […]