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:
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.
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.