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Greetings Gentlemen, Finally there is news although not so good. This week also failed to overcome the 61K and buyers lost the support at 53 thousand, this is the first bearish signal for a long time.
But not all is said yet. It is not the only signal needed to declare the defeat of the buyers and the beginning of a bearish season, it is just a battle.
Sellers will try to keep the price below 53K and buyers will try to recapture that level, all this must happen before 8 pm local time, when the weekly candle will close definitively and declare who won the new battle.
This candle could dictate the trend for the next few months. This is how important it is.
We will be alert and waiting for the closing of this candle and if necessary, change our exposure in the market.
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