This analysis focuses on a common pattern observed in the cryptocurrency market, where after a trend, the market tends to undergo a corrective phase. In recent days, we have seen both Buy Side and Sell Side actions, with the market aiming to capture opportunities on both ends.
The critical question is: Which direction will the market ultimately choose? Analyzing within the context of a bearish market trend, we should be prepared for bullish manipulations coupled with significant bearish movements.
This presents a corrective period for Bitcoin, and it's crucial to remain vigilant. Now is the time to exercise utmost attention to identify the buying point amidst these market conditions.
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.