At this point, it is safe to assume we are still in correction and hopefully we have reached the end of it and come out with an impulsive move up. If things go well we should see a bull run to 10~12k before a deeper correction and then a big run up. I assume we are going to need some bullish news to keep the momentum going and get fresh money in the market. The downside would be not much lower from here I presume, targeting 5.5k area for bottom testing.
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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.