Bitcoin is challenging EMA50 today on the downside for the first time since 8-November 2022, a major bearish development.
This is the first time this level is tested as support since it was conquered last month.
Retraces and corrections are a normal part of market action and at this point highly welcome.
Remember that you can use this as an opportunity to buy-in, rebuy and reload on your favorite pairs.
The correction shouldn't last that long.
Namaste.