BTC UPDATE
The new week started. New GAP on CME Bitcoin Futures was formed, but almost immediately was covered by the price. We can see a clear downward vector on $BTC chart, I expect to see a test of $7900 support today.
The reason is simple, during recent weekends we could see a massive SHORT accumulation in the zone of $8175 and higher. If we breakout above this level and take hold above, bearish option is broken.
The new week started. New GAP on CME Bitcoin Futures was formed, but almost immediately was covered by the price. We can see a clear downward vector on $BTC chart, I expect to see a test of $7900 support today.
The reason is simple, during recent weekends we could see a massive SHORT accumulation in the zone of $8175 and higher. If we breakout above this level and take hold above, bearish option is broken.
