$BTC - Still in Reversal Zone đ
We have reached the lower boundary of the reversal zone, but remember that we can still move within its limits for some time. For example, form a double top near the upper boundary of the descending channel and only then begin to decline. This happened befoređœ
đ Therefore, I donât expect the decline to be immediate; we may still spend a couple of days in the range of $62-66,000.
đ It is worth considering that last week the market sentiment was particularly bullish, which pointed to the growth of BTC. Many opened long positions against this background. However, given the pullback this week, we can expect some panic selling, which will lead to a short-term decline.
#Bitcoinâ #ETHđ„đ„đ„đ„ #BNB_Free #CATIonBinance #EIGENonBinance
