$BTC UPDATE
55k retested as planned ✅️
Yesterday's selloff seems to have stopped (for now). However, the market has yet to prove its complete recovery. Many macroeconomic factors do not look very good in the short term (war, stock market, US Macros etc..) might negatively impact the price action of BTC.
WHAT I AM EXPECTING🤔
After a drop like that, a relief rally is more than common. But sometimes it might just be a little rise before another breakdown.
A possible drop and bounce around $50k with strong volume might be our best hope in the short term.
A double bottom pattern forming after scooping some liquidity around $50k might be the propeller for another leg up.
Otherwise, if we drop lower, the $47k and $44k levels await us.
As always, let the market settles down. No rush!
Patience⏳️
