$BICO 1D View: The Correction Wave Unfolds

The market is shifting after reaching recent highs, signaling that a correction may have started from the top.

With bearish momentum building up, all eyes are on the $65,200 level,

a critical target that could be reached in the near term.

Key Points to Watch:

1. Initial Resistance Tested: BTC recently touched a resistance level,

and bears have now taken control. This correction could gain momentum as buyers pull back to assess.2. Fib Retracement Zones:

The current level shows a potential retracement towards $65,200, a key Fibonacci level that could act as a magnet for price in the short term.

3. MACD & RSI Bearish Signals: With both the MACD histogram and RSI showing signs of bearish divergence on the 1D chart,

sellers might continue pushing the price downward.4. Volume Analysis:

A drop in buying volume shows weakening bullish pressure, further supporting a corrective move.

Possible Scenario:

If BTC breaks through the immediate support level around $68,000,

expect a deeper dive toward the $65,200 region. Traders are advised to keep a close watch on

support zones as momentum builds.

Stay Alert!

#TetherAEDLaunch #USEquitiesRebound #CryptoAMA #29thBNBBurn #BTCMiningRevenue