Although in the previous article we saw that the short (or bearish) contract positions in $BTC were saturated around 63.5K, we see that the strength and price action does not accompany, so the Selling pressure, being more active, suggests that another considerable decline downwards will occur again.
For the purposes of the graph it can be seen from #BINANCE that we are on a local ground retest. Generally the structure is more likely to tend to maintain the channel it is drawing than to break out of it.
Holding my conscience to the previous saying, I realize that the base of the AE channel is actually around 57k, so everything indicates that there would be a new downward correction in the short term.
Total3 is accompanying the bearish movement of BTC and it is very likely that the altcoisn marketcap will fall from the current 598B to below 575B, thus reaching an annual minimum in most of the #Altcoins👀🚀
After this next drop, which I forecast as the last of this cycle, the typical trend change pattern will occur by breaking the bearish guideline on the golden line with volume and the subsequent retest to confirm the rise in prices in the Altcoins.
Likewise, doing DCA at any of these current prices in projects with solid and verifiable fundamentals is very profitable in the long term. The adoption is already underway.
