$BTC $58 200 📉
Send economic news in the US that turned out to be above expectations, which is hurting all financial markets.
Against this backdrop, Bitcoin saw a sharp correction of 4% and reached the $58k level.
In general, today we will most likely see the price establish below $60k on the daily chart, which will confirm that the correction continues toward $55-56k. Be ready for it.
I thought that before the correction resumes, we would see a small bounce, but the news backdrop wasn’t favorable for a local upmove.
Send economic news in the US that turned out to be above expectations, which is hurting all financial markets.
Against this backdrop, Bitcoin saw a sharp correction of 4% and reached the $58k level.
In general, today we will most likely see the price establish below $60k on the daily chart, which will confirm that the correction continues toward $55-56k. Be ready for it.
I thought that before the correction resumes, we would see a small bounce, but the news backdrop wasn’t favorable for a local upmove.