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#BTC/USDT

The short term uptrend has weakened #Bitcoin could see further declines toward $30,000, which was the bottom of Jul' 21.

$29,000 ~ $30,000 should be the crucial supports to watch. If Bitcoin’s price loses ground below $30,000 support will lead to further downfall and the prices can slide to $24,000 – $19,800 levels, even $17,800.

I would say this time is not really good for open any trades.

No leaning bullish nor bearish, wait for a break of either side, and trade accordingly.

Sometimes is better to just observe and wait for confirmations.
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If we do break lower and take the lows at 28k, remain calm- its probs going to be a final flush down and not sure how aggressive it will get. Holding spot won't make a difference, I wouldn't recommend being in leve longs here though until we get back above 33k and see some signs of a reversal.

@Cryptomathh
The bitcoin dump is trigge because Terra Foundation moved $1.3 billion worth of BTC to save UST value. This lead the BTC panic selling and LUNA coin price crash. We will see some recovery once the FUD is over, also Terra foundation said that it will buy back all the BTC once UST demand increases. Hi