Bitcoin has now confirmed its first TBO Breakdown since the breakdown cluster that began on January 31, when BTC started its most recent dump. The latest move removed nearly every short-term support level Aaron was tracking, leaving $60,000 as the last major level still standing. The four-hour chart adds important context: Thursday’s drop came with a major volume spike, including more than $1 billion in volume in one four-hour period, but Aaron noted that selling volume still has not reached the late-January and February capitulation zone. {chart} BTC confirmed a daily TBO Breakdown while RSI made a lower low near ... (full story)