The biggest peaks are in the south, but it's quite possible to look for 21.4K first before 18.5K.
My sentiment is still bearish, but we can have a hunt for short stops in the north, and then to see if there will be strong buying pressure with large volumes or simply a liquidity grab from the whales to reinforce their shorts!!!
The S&P 500 Futures opened last night but with low volatility, in any case we are on solid support at 3900 in confluence with the 61.8% fibo, and the candle with the long wick that closed last Friday 02/09 after a bullish hope in the morning that ended with a return of sellers to close the week higher low leaving a long wick behind.
The question: Will the sellers continue to push lower or will they let Momentum to the buyers?
The BTC has shown us several times that it's driven by the S&P 500 Index which will open this afternoon at 15:30 UTC+2 after a long weekend until yesterday, so it's better to wait for the end of the US session tonight to make a conclusion, and see if the decline will continue or we will have a bullish recovery at least in the short term!
S&P500 Futures: https://www.tradingview.com/x/nqbBf9fh/
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