Panic Sell???
The BTC in the last few hours drops more than 10% and reaches levels of $ 7820. At D1 it broke EMA 200 support with significant force, H4 sharpened the fall breaking the support of $ 9300 - $ 9200 in a single candle. Note that it has also lost its bearish channel by closing below the line and starting a new candle below. Seeing this side the selling force at the moment is great and we can go to lower levels in the coming days around $ 7200- $ 7300.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.