BTC DUMPING OR MARKET CORRECTION?

Every market moves in a zigzag manner, no market moves in a straight line, so what we are witnessing is not a market dump or crash it's a market correction, a very serious liquidity sweep taking place before a major move upward.

From my technical desk, with BTC breaking below the 54k zone, that's a CHOCH, signaling a temporary shift from the bullish trend to a bearish short term trend.

there will be a retest of this zone anyway, and if the market fails to break back in then BTC will fall to the 27k zone as seen in this 3 month chart.

the market might remain bearish for the rest of this year, unless the market succeed in breaking back in, above the 56k zone.

everyone DYOR,

subscribe for more update