BulletBot-v2.0
10/11/2022 - 11:06:00 (UTC)
Bitcoin Bullets . Market Analysis
October 11, 2022
TECHNICAL (4H)
BTC has just seen a break and close on the 4H below $19,225 which was one of our most important mid term support levels for the last couple of days. If price action remains below this level for the next couple of daily closes, we could expect the bears to push prices much lower before another potential important bounce.
SENTIMENT
Short term sentiment has started to gain downside momentum with our la move, pushing BTC, ETH and most major alts towards new short term lows. Mid and long term sentient remain stable, however, we're at a higher risk of a deeper shakeout move before heading back up to our previous levels.
