BTC also fell more than 12% two days ago. As of today's chart, the candle seems to be supporting the 200-day line. Some experts are expecting a rebound here. I think a little different.
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Let's look at the 3day chart. The drop hit the bottom of the Bollinger band. In my experience, I have often seen this drop usually occur in two stages. In other words, I believe that the fall is the first step and there is a possibility that it will fall again soon. If the second downside is expected, the bottom is expected to be around $ 6500. Another reason why I think the BTC is going to fall further is the candle that broke through the Ichimoku cloud. If the candle stopped at the beginning of $ 9000, I would have set the direction of the future BTC flow sideways.
I'm also considering the possibility that the price could drop significantly to the early $ 4000 level in the worst case. However, this should be judged based on the shape of future indicators and trend lines.
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Another reason is the MACD of the 3-week chart. By the end of the week, Stochastic has already made a dead cross, and the MACD seems to have turned to the downside. If this is the case, I expect the MACD to be on the verge of creating a dead cross by the time the next candle is made. If that happens, there will be no rise for a while. Right now I'm putting a lot of weight in anticipation of the BTC's price going down to $ 6500, and I expect a good rebound will be made there. And I expect that's where we can make a profit.
But as I said a few times before, my trading style is about 30% forecasting and 70% is tailored to the situation. So I will continue to watch and inform you of the daily situation.
Today's analysis is up to here. I feel like I'm only posting negative texts so I'm heavy. But I think the most important thing in the market is not to increase assets, but to preserve them. I hope this has a little positive impact on your assets.
Then I will be happy for the rest of the day and see you again tomorrow. Thank you.