๐ **Where is $BTC heading next?**
Since we saw a fairly strong rejection from the Fibonacci level yesterday, Iโm expecting further downside continuation.
To identify how high price could potentially move before rejecting again, we can draw another Fibonacci from the recent high to the low. This gives us the area Iโve marked on the chart.
If we get a decent candle close around that area, it could serve as a potential trigger for the next move**.
#BTC
Since we saw a fairly strong rejection from the Fibonacci level yesterday, Iโm expecting further downside continuation.
To identify how high price could potentially move before rejecting again, we can draw another Fibonacci from the recent high to the low. This gives us the area Iโve marked on the chart.
If we get a decent candle close around that area, it could serve as a potential trigger for the next move**.
#BTC
