Hi there, BTC today had a sharply decline and unexpectedly from 49k to 47k zone, BTC is previously: (i) Stock RSI in overbought, (ii) Low volume, so the key reasons for such market condition got no Fuds & special events usually as:
- Some TP from previous investors/institutions/ETF close out; - Panic sell after a sharply decline altogether with above TP; --> Market dip hardly :)
Overall, BTC had a hard correction, not a slightly and make a broken momentum locally but again BTC is still slowly increasing in its divergent structure. A correction (slightly or hard) is always happened on either way up/down, this is a healthy signal which any trader should know about it.
So, for spot, I still keep adding more some good price alts with small part of capital during this time for long hold, Future is not recommended until clearly confirmation uptrend.