Bitcoin Chart Analysis for Today
Fortunately, yesterday’s analysis went well.
The scenario I’m considering today is that it’s time for Bitcoin to enter a correction phase. Unless it's a manipulated chart, it can't keep rising endlessly. Therefore, I believe a proper correction is necessary at this point.
Scenario A: After attempting a stop-hunt at $68,000, we could see a decline. In this case, a significant drop would be expected.
Scenario B: Similar to Scenario A, there would be a stop-hunt attempt at $68,000, followed by an ABC correction. Afterward, we could see a strong upward movement.
At present, I believe the overall trend favors a downtrend. However, if there’s a strong upward movement from here, I’ll update my analysis accordingly.
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