🪙#BTC - Stumble
After yesterday's brake candle, today there was a follow-up offer, which led bitcoin to attack support D at 117.5k.
It is classic in price discovery phases to see stumbles, due to the excessive accumulation of over-leveraged LONG positions that are systematically punished.
Today we face the first test for demand: if it can close the candle and form a structure ABOVE 117.5k, we will remain in maximum strength on this TF.
Conversely, if we lose that level, a retracement phase begins during which we will need to look for the low.
NB: it is absolutely normal to see a pullback after a bullish impulse like the one in recent days that took us from 108k to 123.
This market has changed and "explosions" without pullbacks will probably become increasingly rare, as we saw in the past. Now the movement is more organic.
Stay alert, don't get fooled by the usual movements and don't be emotional (especially, rule number 1: don't FOMO at the highs!)
