Welcome members to this BTC update.

If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures , spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don’t force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.

Let me keep it short and simple.

Many traders are not liking the recent BTC dump. BTC is almost breaking down below the support level but we cannot confirm completely as we still have roughly 19 hours left for the candle to close. This could turn out to be a wick and BTC could bounce back or BTC could dump further down.

It will be a wise decision to stay away from trades and observe the market. I will close all my spot holdings if BTC fails to close above the support level .