Everyone is surprised and confused by the recent drop, it's time...๐๐
After a strong rise yesterday from $BTC and alternative coins, today we saw a strong correction in the market downward.
Bitcoin, after getting close to reaching 95,000, started correcting toward the 91,000 area.
Personally, I started entering some buying positions because Bitcoin is now undergoing its first test after the strong rally; after breaking above the 50-EMA today, it is now correcting and touching it. Moreover, the 91,000 - 91,500 area is a very important support zone; as long as Bitcoin closes above it, the positive scenario remains viable.
Therefore, I entered some buying positions in alternative coins and shared some with you.
๐ Tomorrow's economic data may move the markets, and today's movement might be preparation for tomorrow, so stay alert.
$XRP $ZEC
After a strong rise yesterday from $BTC and alternative coins, today we saw a strong correction in the market downward.
Bitcoin, after getting close to reaching 95,000, started correcting toward the 91,000 area.
Personally, I started entering some buying positions because Bitcoin is now undergoing its first test after the strong rally; after breaking above the 50-EMA today, it is now correcting and touching it. Moreover, the 91,000 - 91,500 area is a very important support zone; as long as Bitcoin closes above it, the positive scenario remains viable.
Therefore, I entered some buying positions in alternative coins and shared some with you.
๐ Tomorrow's economic data may move the markets, and today's movement might be preparation for tomorrow, so stay alert.
$XRP $ZEC
