Bitcoin has dumped a lot, after a big sellof we can expect a correction
Fib -27.2 got hit nicely, large institutions take their profits here
Structure level 35K provides good support
Notice how the volume spiked up, which means that the bottom might be hit
RSI extreme oversold
Structure level 43K will be our major target as we have a strong structure level there
However i'm confident that we will reach it because of the liquidity from the trendline
Bitcoin will eventually go to deeper levels where big demand is waiting, 17K or 11K
Good luck.
Fib -27.2 got hit nicely, large institutions take their profits here
Structure level 35K provides good support
Notice how the volume spiked up, which means that the bottom might be hit
RSI extreme oversold
Structure level 43K will be our major target as we have a strong structure level there
However i'm confident that we will reach it because of the liquidity from the trendline
Bitcoin will eventually go to deeper levels where big demand is waiting, 17K or 11K
Good luck.