Hi traders , the current retest of support area is important as it is upward channel and horizonal level as well. Reasons that make me more inclined to buy : - Price action at this level is showing bullish (dogi + strong up candle ) , use hieken Ashi candles. - Hidden bullish divergance. - The fact (see 4H& Daily frames) we are in up trend. Good luck ! but use yr...
For Bitcoin , I see a clear direction to 40K level coming soon. Any short confirmation will be a valuable chance to capture.
It is the normal drop of correction for any pair or asset but it came in one huge sequence that created fear (which is actually the exact aim for Market makers before the next impulse). The level 61.8 Fibonatci is normal correction , wait to see the confirmation of ending the short and the dusk for up trend.