In my view, the current Bitcoin price correction presents an opportunity to remain bullish on the cryptocurrency. If the price corrects and finds support around $FWB:25K, this may suggest a correction (A-B-C) has occurred. This could signal that the upward trend is likely to continue, with new highs possible once we break through the 
31K level.
However, there is also a strong bearish case if the price drops below $26.6k and then meets resistance at this level. If this occurs, it could indicate a larger correction and a potential trend change. We may see an impulsive wave (1-2-3-4-5) down from this point, with a potential low of $21k.
Overall, while there are both bullish and bearish scenarios to consider, the support and resistance levels around $FWB:25K and $26.6k will be crucial indicators to watch in the coming days and weeks.
31K level.However, there is also a strong bearish case if the price drops below $26.6k and then meets resistance at this level. If this occurs, it could indicate a larger correction and a potential trend change. We may see an impulsive wave (1-2-3-4-5) down from this point, with a potential low of $21k.
Overall, while there are both bullish and bearish scenarios to consider, the support and resistance levels around $FWB:25K and $26.6k will be crucial indicators to watch in the coming days and weeks.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.