Daily Bitcoin Update - A move lower from Bitcoin - What Next?

Morning all,

Full TA in the video as usual. Some notes:

- Bitcoin was rejected again and the Inverse Head and Shoulders IMO is invalidated.
- Looking at the fib levels we added in the last video for support.
- A key thing to look out for is a bearish retest of previous support.
- Indicators are looking bearish in general across multiple timeframes.
- Pre-markets are in the red which gives you an indication of the direction of the market, although this could change.
- FED meeting is coming up. Will the markets start to position themselves accordingly in the lead-up.
- There seems to be quite a lot of FUD for this week regarding Bitcoin.
- SPX, NASDAQ, ES1 - all trading at key support / resistance levels. Watch to see if these hold or not. A move lower and Bitcoin might follow.

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Back tomorrow.

Thanks

SIMON BPOI