The global market (TOTAL) has played the role of a disciplined student: it was perfectly rejected by its resistance zone around 3.05 T. This rejection, according to Cara, has 'nothing illogical' — a simple matter of support turned resistance, the cruel law of the market.
But all eyes are on the conductor: Bitcoin (BTC). It is currently re-testing a crucial weekly support zone.
For purists and followers of the divine proportion, the price has retraced to the 0.618 of Fibonacci! A level to defend tooth and nail this week.
As a reminder, the 0.618 of Fibonacci (or golden ratio) is a cornerstone of technical analysis: it represents, in a price movement, a retracement level where the market is historically likely to bounce or reverse, as it is perceived by traders as a point of aesthetic and mathematical equilibrium.
The healthiest strategy would be a small phase of consolidation under resistance to build strength, much like an athlete holding their breath before the final sprint.$BTC
