Here again with an update on the status of BTC and Shib alike - currently BTC is still in crash mode - however both have reached these respective low points on the day chart and are prepping for a rise - possible 65k BTC possible 0.00002300 or more shib.
HOWEVER!
There is a major issue at this time.
The day chart is not the bigger player here as to the reason for the crashing, on this chart I also included the status of the weekly and monthly charts which both are currently in a complete downtrend status. the Monthly is on it way to rolling over towards a net lost for traders.
Advise would be for those already at 70k BTC, or 0.00004000 shib to hold and wait for the recovery in a few months time if at all. As yet again the Federal reserve members are back and are talking about price hikes. Which will greatly reduce the chances of a return to the 70k BTC - 4000 shib. We'll have to wait and see how this plays out.
Buy sell or hold that is your call, I'm just trying to help those who are new to the crypto market.
BTC - DAY CHART peak low reached. possible buy in, extremely high risk.
Here is an UPDATE on BTC and Shibs condition - a possible heavy crash to the 60k to 55k or lower on BTC - 0.00001500 to 0.00001200 on shib.
This may result in the 24 hour chart to remain on red leading further down the pipeline into a bear market if the price continues to close on lows of 62k or less for BTC or .00001900 for shib. We would need to close higher on those market prices to prevent a complete lost of resistance heading back toward the 50k/.00001200 range.
Likelihood a price correction is on it's way it will be fast and unforgiving when it comes to price action lost.
Leading the 24 hour chart on red heading to a white line indication of heavy sell-offs for both markets. this would mean we are headed to the 40k BTC and 0.00000900 or less Shib if we don't start closing high sooner than later.