BTCUSD ANALYSIS

11 thg 2, 2022

After falling about 50% from high now we can see some bullish movement. Market broke major trendline and now market is at 43k where we can see supply zone and trendline resistance and fib 38 level resistance. What i think is break out of major trendline is just an false breakout and stop hunt. So it's not right time for long position, if candle close above 47k we can think but at this time we can predict for or 60% to 70% correction in the market from high that is 27k to 20k. 70% correction is the worst case in the market.