In my method, I analyze the chart based on Elliott waves and Price structure.
According to this analysis, due to the engolfe of FL levels, we expect to see lower levels.
The price is then expected to rise above that level to complete the final step of the wave
AS Last Anlaize Btc compliting 3 wave zigzag correction
I think las bullish Movement is a bull trap but im waiting for mid term Bullish Signal
Be careful evry movment and wave have corection. dont enter in top
and is nod financial advice just Analize
I guess the correction is not over yet.
Of course, any analysis may be wrong. I have an alternative analysis.
My point is this: As long as the trend line that started on March 13, 2020 does not go up, the recent strong uptrend is a pullback or part of an Correction.
But: If Bitcoin can build a higher low and the downturn...