Hey, guys.
bitcoin corrected today by almost 4%, and tested the liquidity stop zone below 59K. I wrote about the risks of testing this zone in the weekly review. At the moment the price has formed a strong cluster zone at the end of the movement, which may indicate the formation of a reversal V pattern, confirmation of this will be the return of the price above 60.5K. But there may be another wave of decline, so I would not advise to catch knives, but wait for the formation of a clear set-up.
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Stay tuned.Â
