BTC: First Bearish Signs of a Deeper Correction
All these days, BTC has only been rallying and has a clear bullish structure.
Today we can see a complete transformation showing the first signs of a downward correction.
It is too early to talk about a downtrend.
Yesterday, the pattern transformed from bullish to bearish by falling below 106730, which corresponds to a strong support structure area.
Considering that this area was important, it has a chance to continue to 102000 and maybe even lower to 98000.
It could be a false bearish breakout to the downside, however, as long as it shows this bearish pattern, we should be careful and take this into consideration.
You may find more details in the chart!
Thank you and Good Luck!
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