This is what we expect from BTC to do today. If it drops below recent swing low, we may see big dump to at least EMA 50 because below that previous low are stop loss orders and if they get reached, autofill will happen instantly.
If bitcoin wants to go up, it has to take out this low and to be bought instantly so we can expect upward momentum.
So, today we expect the decline to that low and after that, we will see what next.
- Post credit goes to cs team *