BTC is nearing the 78.6% zone again. It already retested it once. We don't have a lower low yet. That would be a good indication that price is still coming down. If we get a close around 46k that would show some solid downward momentum. Otherwise, price may just go right back up.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.