BTC is due for further correction
We are in the rising channel here and at the moment BTC is held by a near term support at 58.5K.
Tuesday daily bearish bar has been confirmed with a huge volume indicating that the selling pressure is still present.
From the price action I can see we could easily drop to 50K-52K area where I marked my buy zone with EMA150 & EMA200 + channel floor + psychological number + 50 Fibo confluence.
Do not forget that every healthy market has pullbacks so do not panic. We are still in a bull run.
Tuesday daily bearish bar has been confirmed with a huge volume indicating that the selling pressure is still present.
From the price action I can see we could easily drop to 50K-52K area where I marked my buy zone with EMA150 & EMA200 + channel floor + psychological number + 50 Fibo confluence.
Do not forget that every healthy market has pullbacks so do not panic. We are still in a bull run.
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