$BTC rejected cleanly at the 20 Day MA on Monday and has made an abrupt pull back today and is inching closer to the 200 Day MA which is sitting on the last green Fib level at $58.3k now.
We know the plan here, failure to hold the 200 Day MA and this is at risk of pulling back to a lower low and I would expect the 0.38 Fib to be text then at $51k....would would bring $BTC nicely down to an attractive position while the market moves higher.
There is a possible set up here whereby capital rotates out of the market into crypto and other potential safe havens at the perfect time.
We have been patiently waiting.
Baktash Azizi
2024-07-03 16:47:55 +0000 UTC