$BTC

In the past few days, the cryptocurrency market has been tumultuous, but the good news is that after the rise to 65,000, those who missed the boat have finally seen the long-awaited major correction. Through technical analysis, the bullish bat pattern has formed, and the Fibonacci 0.5 level of 88,000 has been breached. We can expect to accumulate spot positions around 72,000 to 77,000. If it falls below 70,000, it’s advisable to stop-loss and exit. This area happens to be near the futures gap. If we can welcome a rebound, the risk-reward ratio will be very attractive, with the furthest target being around 92,000 at the 0.618 level, where we can take partial profits at 85,000 and 90,000 along the way.

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