It was to be expected that after Bitcion reached the resistance limit and the Fibonacci level, there were great chances that Bitcion's next move would be a correction.
What you should pay attention to is that there is an imbalance between 40,000 and 39,400. We definitely need to pay attention to this, because it is expected that this imbalance will be filled, as well as the one above that can be seen in the picture below.
I don't believe that we lost bullish momentum, but this correction was inevitable.
Thank you for reading.
- Loading comments...