#btc $BTC Friends, this bitcoin chart we see is a chart that has falling peaks and falling bottoms since the last beat. Even though our main trend is up, we are in a downtrend as an intermediate trend, so how should we interpret this trend? Among the prices I show with yellow lines, the price above shows the (empty) level where the falling trend will break. This is 67241 It is the dollar level, our lower level is 56500 level and if this level is broken, it means that it has made a new low and will continue the falling intermediate trend. So where is the BTC price now? It is almost exactly in the middle of these two price zones. Do you think it is right to open a transaction from here, except for scalp trading? Of course not... If we do not count the 50000 and 53000 region as a correction in the rise of BTC since November 2022, fibonaccide btc has retreated from 38500 to its last peak. As of now, it has received a reaction at the level of 0.5. If this reaction is insufficient and our yellow line below is broken (56500), this time we should expect a reaction from 0.618, which is the most important region in Fibonacci, and this is the 51000-53000 dollar region, which is a parallel region with price action, and even this region is subject to correction. Bear season is not counted, please do not rush when buying or selling, opportunities never end, but in hasty decisions you will run out of money immediately....