Given the periodic motion of the bearish BTC market in the prior week, we can expect a short rally to the low 7000s before the next selloff, which will test the critical support levels of the mid 6000s. As the price of BTC reaches mid-November levels, the market is reaching a crossroads. I expect the overcorrection in the market to rally back to the expected levels around 9k in the next few weeks.
注释
Failure swing at the drop to 6600. Expect the projected rebound later today.
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