‼️ #BTC detailed Analysis‼️
Looking at this 6-9 month correction structure, people still see lower lows and don't trust the correction. However, they will be left behind soon ignoring these TA signs:
1. BTC is in a bull market, after the 90% pump from Feb to March 2024, price needed some time to cool down and perfectly retraced to the 61.8 Fib Retracement. --> Usually, this marks the bottom in an existing bull market.
2. We are now seeing a subtle, but definite change in market structure. BTC formed 2 consecutive higher lows and even formed a double bottom (59k) last week.
3. Today's candle is pushing us above the point of control, making us bullish in the short-term
4. Remember, it's still Uptober.
5. Upcoming US elections, Interest rate cuts will add to the overall bullish outlook and change in market structure #dyor
