6800 was an important level to hold. Once the price action dipped bellow that level it slid to find support at 5800.
The important level to watch however was the breakthrough back above 6500-6800 region and into the 7000s.
Completing an inverse head and shoulder in RSI and price action in TWO different instances. Not to mention the very high volume pushing over 400 million in market volume on Binance. This is an incredibly bullish sign.
Look for a pullback buy opportunity dipping right under 7k to retest that new support region that should be established, followed by a reversal into a mid term uptrend
The important level to watch however was the breakthrough back above 6500-6800 region and into the 7000s.
Completing an inverse head and shoulder in RSI and price action in TWO different instances. Not to mention the very high volume pushing over 400 million in market volume on Binance. This is an incredibly bullish sign.
Look for a pullback buy opportunity dipping right under 7k to retest that new support region that should be established, followed by a reversal into a mid term uptrend