BTC - Comparing Previous Cycles 🏄🏻‍♂️

Hello TradingView Family / Fellow Traders,

As per our previous analysis (attached on the chart), BTC started the correction phase after breaking below $70,000.

What's next?

📉Scenario 1:
As we approach the $60,000 support zone, we will be looking for new buy setups to catch the next upward impulse movement.

📈Scenario 2:
For the bulls to regain control from a long-term perspective, a break above $70,000 is needed.

Which scenario do you think is more likely to happen first, and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

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~Richard Nasr