BTC still runs within the box and forms a consolidation triangle in the downward channel. Monitor now the lower edge of the box, breaking down from which cause a further slide.
The box: $22653.20 - $18698.35
The key support of the month slipped to $17848.49, breaking down from which lead to a slump.
Congestion range: $22057.39-$18698.35 (the first range to breakout), centering $20455.68.If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
The box: $22653.20 - $18698.35
The key support of the month slipped to $17848.49, breaking down from which lead to a slump.
Congestion range: $22057.39-$18698.35 (the first range to breakout), centering $20455.68.If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
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