BTC (Bitcoin): Watching for a Reaction to Support
BTC: The price has reached the support zone once more but the look of the decline has led me to make a small adjustment to the micro structure. However, I leave the support zone unchanged. We might see one more low to reach the 50% retracement or 61.8% retracement at $62,224 or $61,860 respectively, but as long as micro support holds wave (5) might start from this price region. I have also added a trend line that might offer some additional support.
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