👀 Analysis $BTC

The recent correction from the ATH zone to 67,500 USD is fortunately I have warned.

The reasons I am more inclined towards a downward correction than an ATH breakout are:

1. The sideway breakout is very weak, not decisive and there is no consensus from entities in the market

- ​​Buyers: ETFs + small retailers

- Sellers: sharks, whales

2. The derivatives trading index is increasing very hotly, especially the volume of derivatives opened to create new ATHs, and this increase comes from the use of leverage

3. Technical signals are all in an overbought state in all time frames

Currently, BTC needs to create a new accumulation zone (sideway) before completely breaking out of ATH. We should now prioritize market observation because this week there will be some impactful news happening such as:

- US presidential election results

- FED interest rate decision

👉 Currently the market is expecting Trump to win and the FED to cut interest rates by 0.25%

🤔 If there is any result that goes against the above 2 expectations, it will also lead to a temporary decrease in volatility for #Bitcoin❗