Is the king about to take a massive tumble?
$BTC is looking shaky as hell on the 1h chart. We just wicked down to 65,188 which is basically the 24h low, and the recovery is non-existent. It’s sitting right at 65,209 and every small bounce is getting sold off instantly.
We’ve got a clear series of lower highs here. If 65,000 breaks, we might see a fast flush because there’s zero momentum from the bulls right now. The 24h volume is huge at 1.44B but it’s mostly red candles.
I'm sitting on my hands for this one. I need to see a solid base form before I even think about a long, otherwise this