Bitcoin analysis
BTC currently trading below daily support at 37.3k after breaking and closing below its descending wedge. Next support is the weekly OB at 30.9k-29.5k. A daily close below 37.3k support will be bad for btc and a weekly close below 40k will send us back to 30k region.
I suggest you get out of your spot bags if this happens and wait to buy lower. But then again if you’re already on a huge loss, you can stay underwater and wait for a comeback.
I for one have been in a short trade since the bear trap to 43k region
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