https://www.tradingview.com/news/cointelegraph:d8fda5c99094b:0-bitcoin-in-later-stages-of-bear-market-watch-these-btc-price-levels/ What does everyone think?

With the strait of Hormuz closed, and all the oil refineries being hit what yall think? Oil gonna go down in price? I keep hearing $115-150 a barrel. The only way I see it dropping is through a ceasefire which does not seem to be in the cards atm. NFA!

Dont take my word for it but it looks like BTC is finding support on the 618 to the downside. If it holds here we can see it attempt to break back through the golden ration and retest the 382. Ive heard it said that a trend likes to retest the 618 and then if it holds continue in the original direction. Which would mean a possible move back to the upside. This is purely TA and conjecture on my part and not to be taken as Financial Advice. There is still the happenings in the larger world that could affect things

Yup, BTC did break down. It ranged up a little bit more before it did but then it lost support and had a 2.34% drop. If one had placed a short with a stop loss above the fib with 10x leverage that would have been a 23% move. When a chart is at support on a trend line it is a great time to either setup a position for a long if the larger timeframe trend is in an uptrend or a short if it is in a down trend. In this case if one was to zoom out on BTC they would see it is in a larger timeframe downtred

NFA, but BTC looking like it might wanna break down What yall think?