Current view.
It has been moving within the wedge it has formed since March and as long as it remains within the wedge, its first target will be the wedge resistance level.
If we look at the shorter term, it has been based on the downtrend that formed after the last 70K peak and a possible break of this trend may trigger an increase towards the wedge resistance.
I know we have all been through a very annoying process. Especially those who traded in the short term have no patience or money left. Those who bought and waited for long-term products have started to say, “I wish I had bought land, it would have increased by now.” However, there is nothing to do, this market is like this unfortunately. Although its declines are deep and long-term, rest assured that when the rise starts, it makes everyone forget that boring waiting period in a week or two at most.
Let's continue to wait without losing our faith that good days will come.🙋
