Dear Bulls, it will be OK. Buy the dip!
Updated
Opinion
Fax No Printer
Conclusion
Great RR to buy the dip!
- Only bullish news, El Salvador bought the dip, and will keep buying to inflate the price post Bitcoin Day.
Fax No Printer
- We're trading above 50-day MA.
- Trend is still up.
- Price is building a support structure and demand zone in the orange area, with volume.
- Retracement was mostly big wallets taking profit and overleveraged longs.
- Retracement was overdue, funding fee on altcoins was high, funding is now flat/slightly bullish again.
Conclusion
Great RR to buy the dip!
Note
First TP is 50k zone.
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