$BTC
Added 2023-06-11 17:24:43 +0000 UTCChart continues to be textbook, in spite of the SEC crackdown over the last week, $BTC needs to keep this resilience, showing that it can keep its structure regardless of what the SEC or any other states do to control the crypto platforms.
The 200 Day MA is at the 0.5 Fib so this is what we are looking at next. It is holding the 0.38 Fib right now so this is a good sign that the price action is respecting the Fib levels, we always want to see this.
I still expect this to move down further, we will be watching closely for where this can find support on the Fib levels and be ready for a reversal.
