I already posted this in my video so
1hr chart
-next target will be 56k if this wont hold we might be able to see a revisit further down below
This still remain bullish structure and can consider this a healthy retracement but in the macro time frame Im seeing another reason why this drop.
#BTCâ 4hr chart
-bitcoin just hit the 60% Fibonacci level which is our golden zone by the way
this mention golden zone is also at the strong resistance level of BTC as you can see in this photo reason of a strong rejection plus there's a pennant which added confluence to the traders to sell at the said price level
not financial advice đ„
