Bitcoin remains in a correction phase, but I do not believe the broader uptrend is over or that we have shifted into a sustained downtrend.
Looking at the hourly chart, the сurrent upward movement appears weak and lacks impulsive characteristics, suggesting that the correction is not yet complete. A potential dip toward the $75,000 zone remains a possibility before the market finds support and resumes its bullish trajectory.
At this stage, no clear trade setups have formed, so I remain on the sidelines, waiting for confirmation signals before considering new positions.
Looking at the hourly chart, the сurrent upward movement appears weak and lacks impulsive characteristics, suggesting that the correction is not yet complete. A potential dip toward the $75,000 zone remains a possibility before the market finds support and resumes its bullish trajectory.
At this stage, no clear trade setups have formed, so I remain on the sidelines, waiting for confirmation signals before considering new positions.
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Disclaimer
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.