#CryptoMarketDip

Where is BTC heading?

Has the decline stopped?

So, the decline over the last day gives us several scenarios for development.

Let's consider each one:

1. Continuation of the decline

In the past 2 days, we saw an exit from the sideways range, an impulse, and its absorption. If we base it on the last 3 candles, the decline will continue into the 88,000-90,000$ zone. Once this zone is reached, the growth will be quick and strong.

2. Trading and reversal

The BTC price has reached a strong long level, likely here we will see liquidity being taken and positions being built. After that, another rise to the 100,000$ mark.

3. Growth from the current levels.

An unlikely but possible scenario. A complete buyback of today's daily candle and a rise tomorrow. Such a movement will demonstrate the strength of the Bulls, and growth may also occur in the area of previous highs.

I still adhere to long positions; at the moment, shorting the market is quite risky. Statistically, when the market looks particularly bad, it tends to turn around rapidly. Be cautious!