last night was extremely bloody 🩸 Let's find out what happened!
📰 To the news Fud about the cancellation of spot ETH/ETF, the market reacted with the strongest fall. #BTC fell by 5% in less than an hour, for the current phase this is quite a deep correction. 🫂 Many longists trading short-term trades got a big shave, but for me personally nothing critical happened.
👀 Let's take a look at the local chart of the leading cryptocurrency. After stabbing the key resistance zone ($72823-71295), the price began a rapid decline, which lasted until the test of the upper boundary of the rectangular triangle. At the moment, the asset has already managed to recover a bit, returning to the range of $69,000. 🔄Soon I expect to see the beginning of a new wave of growth, during which the price will finally manage to break through the resistance zone and renew its historical maximum 73800$.
🧠 In addition to the above-mentioned option, I consider one more interesting scenario, in which the fall of #BTC will continue until the 1st support zone at 67623-66832$. In this case, the price will return to the "Rectangular Triangle" pattern and start accumulation with gradual narrowing of the trading range.
