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#REVIEW BITCOIN GLOBAL Very simple chart for you today, yet c | CRYPTOLOGY

#REVIEW BITCOIN GLOBAL

Very simple chart for you today, yet clear and important! #BTC price is trapped between the descending resistance and horizontal support. If you were here 4 years ago, you would consider it super bearish.

Well, bears have good reasons: crypto, stocks, gold, all markets are at macro supports and can fall off a cliff simultaneously. There's still much hope that this multi-markets support will hold and we'll see a decent bounce.

Talking about trading, you simply go short from resistance or go long if it's broken (vice versa for support). Bitcoin is on the edge now and it can do either go down for the new low either bounce back hard.