China's FUD drop down BTC price over 8% 

Chinas-FUD-drop-down-BTC-price-over-8

China’s central bank says all cryptocurrency-related transactions are illegal  - Bitcoin investors started to sell their coins, and price dropped -8% (when I am writing this post). Weak hands sell in panic as always. Long Term Hodlers are patient, and they will buy the dip again. But in the short term this FUD is Bearish. Need to observe price action. From tech analysis, BTC have support on FIBO 0,5 $41k level and strong support on 0,6 FIB $38k. Remember to use stop loss in this choppy market.