BTC will bounce. Dont be fooled.
Updated
Hi everyone!
It's been a little while since I shared the last update with you, but here we are.
Currently, most of the trades are in a short position against bitcoin. But, we are in a bull market and have currently corrected around 18%. It is normal for Bitcoin to make corrections of around 20% in a bull market. I therefore expect one of the following scenarios:
1: Bitcoin reversed from this point.
2: Bitcoin enters the support zone around 58K and completes a total correction of 21%. (I have a lot of long orders open around this level if we see this level).
Long story short, don't let it fool you. If we see the 57/58k zone, use this dip!
It's been a little while since I shared the last update with you, but here we are.
Currently, most of the trades are in a short position against bitcoin. But, we are in a bull market and have currently corrected around 18%. It is normal for Bitcoin to make corrections of around 20% in a bull market. I therefore expect one of the following scenarios:
1: Bitcoin reversed from this point.
2: Bitcoin enters the support zone around 58K and completes a total correction of 21%. (I have a lot of long orders open around this level if we see this level).
Long story short, don't let it fool you. If we see the 57/58k zone, use this dip!
Note
bouncing from the support zone, as expected. I expect a further uptrend from this area
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