BTC Analysis:- 1. Due to FTX collapse price broke down below June Lows and Weekly too closed below it.
2. Now price is looking like forming a small range here with 15.9k as support and 17.5k as resistance.
3. On Monthly TF after 20k next support is 13.9k
4. If price is to move up first resistance is June Lows 17.5k to reclaim and then most important resistance now is 18.3/4k to reclaim.
5. If price reclaims it will just show that market wasn't willing to accept low prices and this move down was just panic in the market.
Conditions have still not improved we're seeing cascading effect after FTX which was bound to happen. Other exchanges are also facing many problems. Orderbooks are thin. Don't overtrade in these conditions and Stay Safe
