BTC and the market as a whole remain in a corrective trend. Despite the abundance of potential low markers, last night we wrote about a bearish scenario.
Now, as you can see, the price has once again broken down into a downtrend on the 5-minute timeframe, with a new concentration of targets.
If this move had happened yesterday, Bitcoin would have formed a Strong signal of a potential low on the daily timeframe—the one we were waiting for to buy. And we would have bought 1/3 of a conservative investment portfolio. BUT—no.
Now the question is whether the sellers will form a Strong signal of a potential low on the 3-day timeframe. The price has almost reached the third basic downtrend target there—65,631$.
Now, as you can see, the price has once again broken down into a downtrend on the 5-minute timeframe, with a new concentration of targets.
If this move had happened yesterday, Bitcoin would have formed a Strong signal of a potential low on the daily timeframe—the one we were waiting for to buy. And we would have bought 1/3 of a conservative investment portfolio. BUT—no.
Now the question is whether the sellers will form a Strong signal of a potential low on the 3-day timeframe. The price has almost reached the third basic downtrend target there—65,631$.
