-After forming Pennants pattern, today price manage to break level 8000 again.
-From the overall chart and the way price break level 8000, the big dog psychology analysis telling us that less Big Dog jumping in buy at 8000. Most previous buyer still holding their. But few hour ago some buyer close their trade causing the price going down a bit to 7920 (as in H1 chart psychology).
-Price might want to go down a bit later. But if the price still cannot go down more below 7900, there is high potential price will rally uptrend reaching for 10k.
If price start going up above 8000 later, the best buy entry will be when the price making pullback and make new correction near 8000 zone.
-We will see more price action in the next US business hours.
-From the overall chart and the way price break level 8000, the big dog psychology analysis telling us that less Big Dog jumping in buy at 8000. Most previous buyer still holding their. But few hour ago some buyer close their trade causing the price going down a bit to 7920 (as in H1 chart psychology).
-Price might want to go down a bit later. But if the price still cannot go down more below 7900, there is high potential price will rally uptrend reaching for 10k.
If price start going up above 8000 later, the best buy entry will be when the price making pullback and make new correction near 8000 zone.
-We will see more price action in the next US business hours.
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