BTC -update:
🔴The price remains bearish and is still stuck below the daily downtrend 📉
The underlying trend has changed and the previous bearish scenario is still valid!
In the medium term, I still think BTC will correct towards $52,000 or $50,000 📉
🟢Let's focus on the short term:
-Yesterday we saw that #altcoins reacted more strongly than the Bitcoin price.
-As seen in the past analysis, $56,500 - $56,000 is a big price level for #Bitcoin❗️
-The current price is consolidating above this support📈
-The current price has not retested the daily bearish break and is oversold!📈
🟢We can therefore expect a bullish correction towards the $60,500 level before the downward trend resumes! 📈
-The price may also retest $62,500. But as long as we test below that, we should see lower prices again🚨🚨🚨
The next key supports 56 000 then 52 000$ zone 📉
🟡Note: 👇
-As long as the BTC price is consolidating above 56 000$; I'm expecting #Altcoins👀🚀 to react upward for some days. 📈