Market Update
#BTC
Here is Bitcoin on the daily (1D) chart:
Price tests lower as BTC continues to show weakness. Until price can close above the trendline at about 22000, short term trend remains down.
Warning signal: If price closes back below 18000, it suggests a move towards 16000. Be cautious as most altcoins will likely continue down if BTC remains weak.
Remember to use a level by level approach + look for daily closures. A close above 22000 would be an early sign of price recovery on the lower time-frames.
