๐จ As mentioned in the last posts, Bitcoin delivered an 11% selloff.
The signal that had been given at 102k is posted in the feed.
On the weekly chart of $BTC, it lost the low of last week's candle and reversed an entire rise this week.
However, the weekly candle closes on Sunday at 9 pm only, and it is very stretched in the selloff.
I believe it will take a breather until Sunday.
I don't believe it has enough strength to go down in the elevator all at once.
For now, it has come down to the bottom to take stops and entries from people who have sell orders when the low is broken.
It will give the impression of going back up in the next hour, making a so-called pullback, and also a beartrap.
Then, next week, yes, there will be a total meltdown, at least until 84, 85 thousand.
But of course, you need to wait until Sunday at 9 pm, when the weekly candle closes.
But, I believe it has triggered the selloff.
It is only a matter of time before it goes down.
โ ๏ธ Do your own analysis and make your own decisions.
This analysis is not a recommendation to buy or sell.
Just an opinion based on studies and data.
Good luck and good earnings to all.
The signal that had been given at 102k is posted in the feed.
On the weekly chart of $BTC, it lost the low of last week's candle and reversed an entire rise this week.
However, the weekly candle closes on Sunday at 9 pm only, and it is very stretched in the selloff.
I believe it will take a breather until Sunday.
I don't believe it has enough strength to go down in the elevator all at once.
For now, it has come down to the bottom to take stops and entries from people who have sell orders when the low is broken.
It will give the impression of going back up in the next hour, making a so-called pullback, and also a beartrap.
Then, next week, yes, there will be a total meltdown, at least until 84, 85 thousand.
But of course, you need to wait until Sunday at 9 pm, when the weekly candle closes.
But, I believe it has triggered the selloff.
It is only a matter of time before it goes down.
โ ๏ธ Do your own analysis and make your own decisions.
This analysis is not a recommendation to buy or sell.
Just an opinion based on studies and data.
Good luck and good earnings to all.
