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GarateTradeCrypto
Mar 18, 2024 3:23 PM

The correction phase of Bitcoin after Bullrun. My plan of action Short

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

My strategy is in the Bitcoin price correction phase after the euphoric bull run amid the adoption of Bitcoin ETFs. In a calm news environment on the stock market, I expect to see a rebound from the 0.382 level, in this area there is a GAP in prices and an imbalance in the same area. Given the tense situation in the economic space, I expect a breakout of 0.5 Fib level.

Comment

We have reached the first support level, a rebound is possible, let's look at the strength of the market, I am watching the volumes and the formation of divergences to a reversal and the continuation of the downward movement to the level of 0.382 Fib
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