đš Can $BTC Bitcoin Go Down? Depends on the US Stock Market
đ Friday Recap:
The market first pumped, making traders think it would rocket đ, but sellers took over and pushed prices down.
This is called a topping tail â price moves up, traps buyers, then closes lower.
𧱠Key Observation:
Former support (Oct 2023) has now flipped into resistance.
Fridayâs high was rejected at that level â market hit its old âwallâ and bounced back.
đ What to Watch Next:
đŽ Daily close below 6700 â short-term top confirmed.
Support at 6670
Break below that â possible slide to 6600
đą Daily close above 6750 â topping tail invalidated, rally likely to 6800+
đš Candle Logic (Simple):
đŽ Red = Sellers in control
đą Green = Buyers back
2 Reds = Trend change confirmed
Green close above topping tail = Sellers trapped
đ In Short:
Close lower = â ïž correction likely
Close higher = â rally continues