BTC recently broke below the 58,000 support level and therefore the odds are currently in favor of a continued correction to lower levels.
It is critical to wait for the daily candle close before initiating any positions. If the price can recover and form a hammer candle into close, then the odds turn in favor of a reversal.
It is critical to wait for the daily candle close before initiating any positions. If the price can recover and form a hammer candle into close, then the odds turn in favor of a reversal.