As we mentioned in the previous analysis, the strength of the downward trend was so great that the price moved towards major bottoms without any correction.
Now 2 scenarios are possible
The first scenario: Pullback and test to the supply range of 20-21 thousand dollars and the continuation of the fall towards the level of 17 thousand and the surrender phase of the market.
The second scenario is a bounce back and an upward correction up to the $23,000 range, which will be accompanied by a break in the $21,000 area and stabilization above it.
In my opinion, the second scenario is more likely.
Good luck, if you have an idea, leave a comment
Now 2 scenarios are possible
The first scenario: Pullback and test to the supply range of 20-21 thousand dollars and the continuation of the fall towards the level of 17 thousand and the surrender phase of the market.
The second scenario is a bounce back and an upward correction up to the $23,000 range, which will be accompanied by a break in the $21,000 area and stabilization above it.
In my opinion, the second scenario is more likely.
Good luck, if you have an idea, leave a comment
