Bitcoin, one more push lower then all time high

Price dropped hard in wave Y of a flat correction, which is expected. Sentiment is at an all-time low for the longest time on record.

This complex correction looks almost complete at the S3 daily pivot, where I bought, but I am giving it room for one more push lower to complete 5 waves down for Y.

Price is well below the daily 200EMA, which will offer some resistance on the way back up. For now, the trend is down, so further downside is the higher probability.

📈 Daily RSI has reached oversold with no divergences. This is where all other ranges bottomed, and the price went on to make new highs.

👉 Continued downside brings up the next High Volume Node at $76000

Safe trading