🪙BTC/USDT (UPDATE 4H Chart)
• The correction has reached the Moving Average 200 on the four-hour timeframe and has started to rebound from it.
• So far, there are no strong indicators that the Bitcoin correction has ended, and the correction may extend again to $113,600, which is a strong rebound area on Fibonacci levels.
• In the near term, we may see a rebound up to the level of $119,300 due to the presence of large liquidation positions up to that price and also due to the RSI indicator reaching the oversold level.
⏳ The status of the currencies will be discussed in a separate update.
DR.
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