$BTC fell to $74K after losing the November lows, with 14D RSI deep in oversold. Spot volume rebounded, but looks reactive, signalling churn in downside continuation, not dip buying.
Let's start by analysing the $BTC chart on a 1D time frame.
Earlier, I told you that I expected a decline within the complex WXY correction. That is exactly what happened. The asset approached the 0.5-0.618 Fibonacci zone, where it encountered resistance and fell. Overall, nothing terrible happened. I think that in the medium term, we can reach the $72,000-$70,000 range and then look for growth from there.
For now, I advise refraining from opening futures positions and turning your attention to other areas.