Price seems to have had no regard for the 200 EMA or the 50% retracement level. This is a little more bearish than I expected this early. The next 24 hours are extremely important. The 200 EMA may act as a resistance instead of the support I initially predicted.
The next levels we would be looking at are 7,000-7,300 around the .618 retracement of the recent move up to 14k.
The next levels we would be looking at are 7,000-7,300 around the .618 retracement of the recent move up to 14k.