🪙 Morning Bitcoin analysis
While waiting for the results of open positions, I decided to disassemble the cue ball locally and explain the logic of my actions. Let's start with the fact that the week closed and closed close to $ 26k, there were no strong spikes or a confident consolidation well above this zone. Technically, this indicates the weakness of the current trend and the potential for continued correction. If the news does not dump the price, then we will go below $ 26k.
A similar situation was in August, a similar termination within the framework of the sideways and a decrease. I want to note right away, I do not expect a deep drop, but just a continuation of the correction by a couple of thousand by the cue ball. I continue to keep all open shorts for the time being.
