Bitcoin's price movement appears to have completed its second leg up, and the current pattern suggests a high likelihood of a correction phase. With this potential pullback, BTC prices could retrace to test the previous support zone. Traders should monitor these levels closely, as they could offer critical insights into Bitcoin's near-term directional bias.
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In the 4-hour timeframe, the lack of buying strength is becoming quite evident, and it seems that Bitcoin could potentially retreat to test key support zones.
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I highlighted this moderate increase in the separated idea and it worked. Now, it looks like the price may continue to correct it. Watch out for the next moves!
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BTC's recent moves have aligned beautifully with our analysis, taking a dip to touch down at the first support zone. 🚀🎉🥂 Spot-on predictions like these are what we strive for! 📣