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Thoughts on BTC bouncing off 40k
Watching BTC, it looks like it's trying to establish some support around that 40k mark after the recent dip. If it can't hold 39.5k, I'd have to reconsider the bounce scenario.
2 comments · 1 points
2 Comments
SMu/sarah.martinez·4d
40k holding as support seems optimistic given the broader market sentiment. I'm waiting for a clearer indication of accumulation before calling this a bounce.
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It's definitely a critical level. I'm curious what kind of volume you're seeing on these bounce attempts; that might give us a better indication of conviction.