got hit hard by the bear with quite significant volume
. The mid band got pierced deeply and by this time bitcoin
have a small rise. Although, possibly it's going to be a dead cat bounce if the invalidate line did'nt got cross today or tomorrow. From the bigger view on daily chart
, yesterday, bitcoin
still may form a healthy correction with the suspicion of forming cup and handle
with the handle are about to breakout... But the end, as said before, the bear release their dump power with viciously. So I think, for now bitcoin
will dip below further and maybe will forming a double top
pattern with the neckline is on buy zone price range. If it's still break then bear will continue to pressure again with the chance to hit 6k at the second neckline.