$BTC interesting place for $BTC to find support yesterday, right on the last green Fib level at 0.887, just slightly above the 200 Day MA.
So the bulls managed to save this in the nick of time before it was a full blown deceleration to the Wave C target at $51k.
This is not over just yet, this is only the first test of this level and there will likely be another test of the 0.78 Fib at $59k or the 0.618 Fib at $62.4k.
I would still wait for support to be confirmed before rushing in here......unless you have started a DCA strategy and are preparing to add if this goes lower and your intentions are to hold for Long Term.
Rene
2024-06-27 08:08:52 +0000 UTCBaktash Azizi
2024-06-25 18:13:32 +0000 UTC