$BTC is very close to finishing its correction.

Good morning Crypto nation. It is very likely that we are finishing the drop.

But, and there is always a but, we have one last level of threat. I will explain it below:

Currently, we have fallen from 109,000 dollars and broke through 80K. Although it is catastrophic, according to the Fibonacci levels, it is very likely that there are not many drops left.

Seen on a daily timeframe chart, the price has impacted the 0.78 zone at 75.8K (a key reversal level) and is currently unable to cross the 0.618. That is to say, it reacted positively but is with little strength and liquidity.

The biggest problem is the huge "FVG" at the bottom, from 70,600 to 74,600.

It could very well retest 75,800 and close the daily candle there, to validate. If we have a new impulse, it means we are at the "bottom". If it breaks the level and closes below, the drop will be more pronounced, but we shouldn't get ahead of ourselves.

Let's take it step by step.

1. Break 83 and keep rising = Continuity

2. Rejection and return to 75.8 looking for a close

3. Crossing 75 = even more pronounced drop

That is the general outlook.

The citizen Crypto bids farewell.