After the growth to $10000, $BTC was extremely overbought and we saw a consequential dump to the key level we mentioned in the previous updates. Moreover, this dump helped CME to fill the GAP on Bitcoin Futures.
It seems like the price can leave a iv point of correctional waves at this point. If the asset continues bidding above the mentioned level of ±$9800, we can expect to see further growth after some consolidation, but if there will be fixation below - the dump would continue and bottom would be low.
It seems like the price can leave a iv point of correctional waves at this point. If the asset continues bidding above the mentioned level of ±$9800, we can expect to see further growth after some consolidation, but if there will be fixation below - the dump would continue and bottom would be low.
Bình luận:
Yesterday I've told that the consolidation below the red level will lead to a continuation of the dump, so currently we expect the price at $9600, at first. If the price of $BTC returns to the red level, it would give you a great opportunity to open SHORT, but enter this position only after you see any reversal pattern near this level, as it means that the level was tested and flipped into resistance.
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