Good morning friends,
As expected, our expectation of a decline on Monday came true. Last week, we recovered early and turned green on Tuesday. However, Tuesday is currently showing a red opening. We have a scenario where correction is needed in the 4-hour period.
We are still in the middle of the road in the daily. As can be seen in the graph, we have a micro trend and it works in the 4-hour period and in the daily period. But what is important to us is the weekly and monthly graphs.
If we do not experience a sharp decline, there is a graph that can break ATH after the correction. There is also a speech by the FED chairman today, there is a possibility that it will bring movement.
When we look at the graphs:
$BTC 65k falling before the previous peak is a negative situation, but it did not gain enough power, possible declines are normal. As long as we do not fall below our support level of 63.4k targets, I say the rise scenario continues.
When we look at TOTAL, 2.234 was broken in the same way, but there is a situation like this. In the decline, the bottom starts to gather immediately and there is an inflow of money. Although it may seem positive, they may not feed the greed. But there is no mass outflow of money from the market.
