Hello Bitcoiners, hope you doing very well these days!
This 35% Bitcoin correction is not happening for the first time, did same thing in the past for several times (30% average correction) I think this is a healthy correction.
BTCUSDT rejected the 0.618 fib level at 42k which was a resistant and seems to turn into a support now (Hope it holds)
The 4h candle rejected the level very clearly hoping for a nice bounce.
In the overall we still bearish till BTC creates a higher high (95% of technical indicators are bearish)
To simple things:
This 35% Bitcoin correction is not happening for the first time, did same thing in the past for several times (30% average correction) I think this is a healthy correction.
BTCUSDT rejected the 0.618 fib level at 42k which was a resistant and seems to turn into a support now (Hope it holds)
The 4h candle rejected the level very clearly hoping for a nice bounce.
In the overall we still bearish till BTC creates a higher high (95% of technical indicators are bearish)
To simple things:
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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.