Abtin00

BTCUSDT , This is correction or new wave of rally ???

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BYBIT:BTCUSDT   BTCUSDT SPOT
Good Morning guys

Today we back with another analysis of the market , The most sensitive factor of the market is BITCOIN and can make new condition for all the market to Under the influence

According to the chart you can see in 2h time frame we had breakwave and until the key point is not break up and close 4h candle above of that point the trend is downward , if it can be happen above that zone the trend will change to upward and after break we have correction and pullback then we are ready to make new rally to new ATH

According to explaination we have 2 zone for take sell zone because of the trend of the market we only take in short position and one the most higher chance for take short position that we shown on chart because of the bottom of last wave and it can reverse the price and fall down

But the most important thing is MAYBE THE PRICE FALL DOWN TO TEST THE BOTTOM and after that it can go up , Dont worry for this correction of the market the power of the momentum for the drop is becoming weak

Good Luck
Abtin

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