Today, I'm seeing a rather dim picture for Bitcoin.
It appears that we're currently experiencing ABC Elliott correction waves. Furthermore, despite a minor uptick, I'm observing a bearish divergence, and overall, trading volumes seem somewhat weak. The weekly support line is situated around $52,000.
Additionally, historically, BTC tended to correct 2-3 weeks before halving events...
If you're considering trading this movement, don't forget to set up a stop-loss and follow a risk management strategy.
What are your thoughts, guys? Do you believe we'll retest $52,000, or are we headed back towards reaching $100,000?
@citizenkane2002, lez see, cause also by Fib Retracement the important zone 0,5 is around 56.000-57.000 exactly
TraderAmin-KZ
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maybe to 56 or 57 in my view 🤔🙏
SheTradesHub
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@TraderAmin-KZ, can be also yep, but 57 was the previous low, and the 1st wave was around 17%, so most likely we will retest the 57 and go to 54 at least tho 🧐