BTC | A deep 78.6% retracement
The market had a big pullback yesterday, which was a bit different from our expectations.
Though Looking at the fib, I think it's just a deep 78.6% retracement. In the short-term trend, BTC will remain bearish. It is expected to remain unchanged from the previous low. The $22,400 level is supported by an uptrend line.
If you like and support our analysis, please give us a like and leave your comment.😘
Good luck~☘
Though Looking at the fib, I think it's just a deep 78.6% retracement. In the short-term trend, BTC will remain bearish. It is expected to remain unchanged from the previous low. The $22,400 level is supported by an uptrend line.
If you like and support our analysis, please give us a like and leave your comment.😘
Good luck~☘
Note
Currently, BTC has fallen to $22,800, falling faster than I expected. The price may touch the uptrend line early, stopping at $22,200.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.