Alright, so while the daily chart might have some folks calling for a bear market, let's zoom out to the weekly timeframe for a different picture. See how things are still looking pretty bullish there? That daily dip might just be a healthy correction in the grand scheme of things.
Don't be shocked if we see a quick move down, maybe even a wick into that $60k-
67K zone – the market loves to play with our emotions, right? But that could just be a setup before we push towards new highs.
There's a lot of noise out there, and the market might even tap that previous trendline for confluence. But looking at the bigger weekly picture, things still seem to be in control. Keep an eye on how things play out in the coming weeks, especially up to the end of April and the first week of May. It could be an interesting ride!
Don't be shocked if we see a quick move down, maybe even a wick into that $60k-
67K zone – the market loves to play with our emotions, right? But that could just be a setup before we push towards new highs.There's a lot of noise out there, and the market might even tap that previous trendline for confluence. But looking at the bigger weekly picture, things still seem to be in control. Keep an eye on how things play out in the coming weeks, especially up to the end of April and the first week of May. It could be an interesting ride!
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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.
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.