Why Drop happened? FED Chairmen Pawell announced that they will continue to raise interest rates. That caused fear across the market and all financial markets fell.
Right now, we've been falling for 3 straight days. A lot of bears already opened positions, and a lot of people getting FOMO for shorts. Bulls were trapped a bunch of times and I would expect some pullback to make life harder for bears. - If casino doesn't let the players win, they won't come back.
TA Currently we formed nice trendline and touched it 4 times already which is solid bullish signal. Also we have volume at bottom, meaning that we came to zone of interest and somebody is holding the price. Today we can see movement up.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones