BTC - Bitcoin might drop again in the beginning of this week!
Tonight we might test the lows of last week!
Looking back into the last 2 weeks, Bitcoin dropped significantly in the very first days of those weeks.
It is currently consolidating within the support zone... but we might see the next drop in a few days towards previous lows around 9.1k and the daily 100 around 8.9k - maybe even down to the 50% retracement at 8.5k!?
From there I expect a bounce back opening up the window for some possible opportunities!
Looking back into the last 2 weeks, Bitcoin dropped significantly in the very first days of those weeks.
It is currently consolidating within the support zone... but we might see the next drop in a few days towards previous lows around 9.1k and the daily 100 around 8.9k - maybe even down to the 50% retracement at 8.5k!?
From there I expect a bounce back opening up the window for some possible opportunities!
Trade closed: target reached:
We hit the first target at 9.1k and bounced from there but we did not drop significantly more as this idea implied.
