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#QUICKBTCUPDATE

Some tight consolidation happening - the next move with BTC will be a pretty big one. If it breaks down then it will likely continue down for a little while so watch out.

IF we break up then the target is to try and break up through $44k


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#QUICKBTCUPDATE

Well that was sudden and steep!

We had anticipated any pullback here finding support at $55.6k, breaking this has been brutal to alts but we do seem to have found fledgling support on the 1 FIB.

Looking immediate term we have a bullish TD9 and Future Pivot with the RSI heading to heavily oversold on the one hour. Small seeds of a bounce potentially in confluence.

4 hour and daily charts not quite so comforting. Given that the US is on holiday we could see a slow response from that side of the pond with low volume potentially heightening any moves.