BTC - 4h. The correction has begun. Probable rebound from $ 46k

23 февр. 2021 г.

Hi there.
We cannot write good afternoon, because we know that many, at best, remained in a large drawdown on the spot and are waiting for a rebound to get out of it. In the worst case, margin deposits were liquidated. Now is the time when it is important to keep everything that has been multiplied in the insanely bull market.

So, yesterday, BTC sellers managed to break the trend line that buyers have been keeping since the end of January. The nearest liquidity zone is in the range of $46,000-46,600. From this range, a rebound is possible with the target of $51,700-52,500. It is highly likely that this rebound will be sluggish and the correction in the BTC market will continue with a target of $42,000.

If you look at the weekly candle, it becomes clear that the next few weeks will be quite depressing for buyers.

Now, there are emotions and volatility in the market, be careful!

P.S. Our idea, which was published over the weekend, works out perfectly:

__________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!