Although it is thought that we have left the bear market and entered the bull market, BTC does not yet seem to have achieved its normal correction level at the required percentage.
When we examine the LP and OTH focused fib retracement ranges based on the Rising Wedge phenomenon related to the Bear Flag formation we are in, it becomes clear that the correction has not been fully realized.
Currently, our strongest support level appears to be the 50-week simple moving average, which runs parallel with the Rising Wedge support trend.
When SMA 50 breaks, we can expect a very deep decline.