Weekly Time-frame
We are now in the supply zone and in the resistance area of Fibonacci Retracement 0.236 ($47,463). We are also having some rejection in the supply zone. We hit $48,200 and tap out from it we might see some correction as we already have the correction.
1D Time-frame
$47,400 is the top currently in our 1d time-frame. Greed and Fear...
This is my current expectation of the next BTC movement. Up ? Ehm ehm, it is just a normal retracement after that big squeeze down. Hard times are yet to come.
Good time for short if you are in.