The support at 18.5K is a key level not to lose otherwise we will look for the 17.6K with many stops of Longs just below.
I think the next big support will be at $14680 on the 50% fibo and it's only 16.5% from the last + low, and it will be a first time that BTC retraces 50% from its ATH from the bull run to the Bottom of the last Bear market. does it mean from our ATH at 69K to the Bottom at 3.1K of the Bear market of 2018.
Bullish Signals:
- The bullish divergence on the RSI.
- The MACD with low Momentum sellers
- The key support level at 18.5K
It's possible that the market will come back above to trap the last shorts with high leverage, despite the fund trending down, the dollar being very strong, and the S&P500 looking for oil.
https://www.tradingview.com/x/UrqTKrFJ/
The S&P 500 go down, the Dollar DXY to the moon, and BTC still hesitates a bit but I think that will soon follow.
I did not follow the speech of the Fed but it seems that the market did not appreciate.
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