It seems that Bitcoin has found support in the 96000–94000 zone and is moving according to the first scenario we discussed earlier (see the left chart). This decline was enough to liquidate leveraged positions in overheated altcoins, which helped the market cool off a bit.
On the weekly timeframe, my forecast is once again confirmed: the correction is turning into a long lower shadow, and the market is preparing for further growth. I have already said:
"Probably, the week will close with a long shadow from below, and the upward movement will continue."
The situation looks quite promising. If you were able to endure this decline — honor to you and praise! Today the market is already showing recovery, and many coins have almost returned to their previous levels. This is a good sign for those who continue to hold positions.
Don't miss the opportunity to accumulate positions now, so you won't regret it later..
