VIP MARKET UPDATE: $BTC
It has broken down the main trend-line support it had for months and currently below the strong resistance zone of $54,000.
If daily candle closes below the resistance then we can say that bears are dominating and if close above and turned into a hammer candle stick then that is strong reversal sign for the market.
So we have to observe further price action here to confirm the next BTC move. For now, however, the $9,000 bounce from our lows means the bulls still have a chance.
- Binance Killers
