Bitcoin is now testing the long-term moving MA200w from above, and in fact the price has simply dropped to the lower limit of the side range of $26,600-$30,000. The shadow of the candle that we left under this sidebar is too small and at that moment there were very few liquidations on the market. This means that there is still a lot of liquidity under the ma200w moving average, especially considering that many purchases were opened near this moving average with stops under the moving average.

Trading volumes are still low and even on a rebound from the moving average, we do not see an increase in volumes. We have unloaded the indicators on local timeframes, but this week the indicators are still very overbought. Also, the price is still within the ascending channel and there is enough support below. Therefore, we can still marinate in the current range for some time.

⚠️ In general, we expect a continuation of the fall to at least $23,000-24,200.

However, the price at the moment was $25,800, which was the first correction target indicated in our post, where we recommended making the first purchases for those who do not yet have a position in Bitcoin.

Also, during this small drop, some alts fell very hard. Therefore, now we will actively increase the share of assets in the portfolio. Currently we have only 46% of assets, and the rest are stablecoins.

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