This is not what you want to see after such a candle.

This could have been it.

If we disregard the 89k level, it looks ok still.
We hit the most important support of this recent surge.
As long as we bounce within the box, it would be still ok.

For me, 89k is the signal for both directions. It decides if the last move was a bear trap or a breakdown.

SPX also sitting at a similar level

TRUMP: TARIFFS ON CANADA, MEXICO TO START TUESDAY

Crypto hates tariffs

Not sure when I have seen ETH down >15% in a day

Most of the today‘s sell off is due to stocks weakness if you ask me.

However, if we dump 9-15% every time SPX moves 1-2%, I don‘t know how to remain bullish.

Crypto has to show some real strength, which it hasn‘t showed in weeks.

There is still a possibility of a bear trap. But we continue to see bearish hints. Every news turns out bearish for the price. The price always is a result of the market state.

Market needs to get numb to bearish news and bullish to bullish news. This is when we go up again.

Remember: a bear market can be brutal. Noone will know how far we go down. This needs time and I hope we just don‘t bleed as much in the meantime.
Bitcoin remaining under the >89k range means bear market for me. I turn bullish the second we flip 89k

I hope he is right for once.

Give us a bounce here

I think local bottom in in for today. Nfa

I think there is a good chance we retest 89k from below once more.


If we lose this range without a meaninful bounce, we might have 73k on the line quicker than I thought

This is usually what happens after such a candle in a correction

$SPX once again bounced off this red support

So far we held and are moving up

BTC1! Crossing 84,830 CME gap filled

*CHINA RETALIATES AGAINST TRUMP TARIFFS WITH LEVIES OF UP TO 15%

*CANADA ISSUES 25% RETALIATORY TARIFF ON US IMPORTS, WILL REMAIN IN PLACE UNTIL US TRADE ACTION IS WITHDRAWN

*Trump's 25% tariffs on Mexico and Canada took effect, ending decades of relative free trade between US and its North American neighbors