Now we are witnessing a major correction, likely to rise soon $BTC $ETH $XRP
Currency correction usually occurs when markets are in a state of absorption after major movements, whether up or down. Expectations of what will happen after the correction depend on many factors, including:
2. Technical analysis:
If the price remains above important support levels after the correction, this may be a sign of the continuation of the previous trend.
If the support levels are broken, we may see a change in the trend.
3. Upcoming economic events:
Any major data or decisions (such as central bank decisions or inflation data) may significantly affect the path of currencies after the correction.
4. Geopolitical factors:
Global or local political events may add more volatility or clarify the next direction of currencies.
Possible scenarios:
Continuation of the previous trend: If the correction is the result of profit-taking operations and not a change in fundamental factors.
Trend Reversal: If technical or fundamental signals support a change in market outlook.
Sideways Movement: If the market is waiting for new catalysts to determine the next trend.