Market Changes 🙌
Last night, funding changed sharply for the better, creating favorable conditions for a market correction. As a result, we saw a drop of 2%, and we are currently trading around $94,000.
I understood that we should soon see a cooling off, however, due to negative funding, I allowed for the possibility that this would happen after another bounce, but in the end, funding changed unexpectedly and we experienced a correction a bit earlier.
At the moment, we have 2 open gaps at levels of $91,900 and $97,000 that we should cover in the near future. Considering the current greed in the market and the beginning of a local downtrend, we will most likely see the lower level covered first, after which we will move towards $97,000.
