Because I believe in Bitcoin market cycles, I believe we could re-bounce again starting from 38k till 42k around end of September or early October.
BTC finally broke above the last bearish divergence, but it rapidly became overpriced. So I expect the RSI would try to cool down soon and that would reflect on the BTC price either going sideways, or going down again as a small correction during a new bullish trend . It might be a good chance for Alt coins to take a breath for a couple of days.
ETH is about to finish the retracement wave at 0.05 BTC and start the next and final wave as I think.
The question is not how much correction, but when it ends.
Yes as short answer, and wait for me for update for the long answer. Thanks . Msaber
Remember this date carefully July 19 2021
this is what going to happen in the coming few days fot BTCUSDT