

Snub
146 posts

@SnubXmas
4EXX2GWNfAcAzsc2NJMvMHr5eU9E1P2PT24jZLjXCLRU





Hello 78k $BTC ✅ As expected, $BTC has now entered the 78k zone. This is the first area where a reaction could be expected. 77.5-78k is a zone that bulls should protect at all costs. For now, PA looks very weak, so if they do not step in and there is no bid to turn this around, things could get very ugly. A reaction from the current zone would not guarantee that the party is saved either. After a possible reaction, there would need to be a sustained bid to create proper support and keep grinding up. So even if we see a reaction here, I would not interpret it as confirmation that the uptrend is still intact, since it could simply be a mechanical bounce before continuing lower and killing late longers. My opinion remains that there is still a lot of downside left. Let's see.

