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#BTC Yesterday I wanted to find a high point to go south, but before I even entered, it plummeted. It's unavoidable; I forgot to look for a dip and should have followed the trend from the bottom. Currently, there's over 1k points of space, so I won't continue with the pattern. The overall direction is still to look down, and I'll find opportunities to be a bearish trader then. If looking up, I'll try to keep it short.
From a technical structure perspective, after the breakout last week, we are currently in a phase of a top-bottom reversal. The previous support has now become the current resistance. Above 5000, one can blindly go short. The daily structure's pullback is still far from being complete. It is not impossible to see a plummet below 110k at extreme points.
BTC trading suggestion: look down below 115000
Target: 112000