There's still no change of character in weekly frame, but this doesn't mean that market is safe from bears and once 59k breaks the market might drastically drop to my 53k target.
As long as 59k holds I will still remain bullish.
If we observe the wicks it indicates that buyers are interested buying at 59k-60k zone hence leaving a long wick behind after the limit orders are filled at the said zone
Again hitting the 53k-50k is healthy retracement in a macro frame.
what if it drop below 50k? here's my answer focus first on what data is currently printing don't advice think it will give you false analysis.
DCA is always the key guys no one can time the market.
1hr fair value gap is now filled. waiting for a reaction of this bullish fvg if no reaction then this can turn into market reversal aiming for the 59k liquidity
will this be a healthy retracement or another market shake off for bulls to let go of their dreams to ride this 4th halving bullrun