BITCOIN chops around 27 to 28k confusing buyers and sellers giving them unnecessary emotion to make a trade, Fomoing in the action. but looking in the higher timeframe will always give a clarity for whats about to happen.
In this technical analysis and giving time the market to form, the Daily nPOC (demand area) will be the liquidity before it goes up. giving the confluence of WXYXZ which is also bearish and the price already give us the 1st impulse and currently in a correction, which is ABCD bullish pattern. if the market will respect what technical analysis shows 26K might be the next leg down for BTC.
In this technical analysis and giving time the market to form, the Daily nPOC (demand area) will be the liquidity before it goes up. giving the confluence of WXYXZ which is also bearish and the price already give us the 1st impulse and currently in a correction, which is ABCD bullish pattern. if the market will respect what technical analysis shows 26K might be the next leg down for BTC.