If we analyze the weekly Bitcoin chart, we are in a level 2 wave. However, the ideal time for a reversal or major correction is from the end of the resistance of level 3 wave.
Don't worry about the rough seas at the moment. This is for liquidation for those who trade futures contracts. But for those who trade spot markets, you can rest assured, because in these atypical market drops, it is time to buy more.
And remember, we have been in a bear market for a long time due to the pandemic, the war between Russia and Ukraine, and other global external factors. However, the current situation is very favorable to the market for the coming weeks.
Such as:
1) Donald Trump Elected;
2) Change of SEC Chairman;
3) Another reduction in US interest rates this month;
4) And, Bitcoin having fewer and fewer Tokens, which in a way, increases its value by the law of supply and demand.
Those who have Altcoins, get ready for Altseason. If you have Bitcoin, buckle up. 🚀🌙
The pessimism of some is a good opportunity for others. Be optimistic!