$BTC I have been warning about this scenario for a while. It hasn't even been a day since my last post and unfortunately, this scenario was triggered by the economic data from the US. The decline is not specific to the crypto market and although it is global, everything is going in line with the technical analysis and I have been explaining it for days and weeks.
Whether you are in major coins or #altcoins , they will all be affected by the scenario we will see here and they will move together for a while. So although it is not a situation that will disrupt our long-term view, it is important to understand this for short and medium-term movements. If you haven't read it, it would be useful to read the post I quoted.
Almost all parities are at major support points in the low and medium time frames. The formations they will create here will determine whether the second leg of the decline will come and lead to a large liquidation movement as I marked or whether an increase will be seen up to the intermediate decision level and a decision will be made at that level.
The red box in the middle is our range high level (very important level for short/mid term to decide on the direction of the movement) and a rise that can come up here is only considered a retest of the decline and is not considered a reversal. From there, the PO3 setup can work as I marked with yellow boxes again.
The decision point will be whether or not the red box in the middle can be exceeded as soon as possible. Otherwise, I have been sharing the movement I have been expecting for the last few messages. It would be useful to try to understand it by going back from the messages I quoted.
