BTC, Possible creation of Lower High before making huge DOWNSIDE

BTC has been trying to break the hard resistance area which is 45k. With the recent rejection of 42.5k area, the market has shown not so bullish sentiment on BTC. Bears are highly optimistic of the current trend and may ride along when another lower high is created. Another heavy selling pressure after hitting a lower high would confirm downtrend continuation which will eventually head towards the 30k area to retest the hard support area for BTC in the last 3 months. There are still multiple support areas to watch out before we try to retest the 30k level, but one thing is certain. BTC is not gaining positive momentum of this writing. Let's watch out once we get confirmation of the trend.

הערה:

*as of this writing