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.
