We are still in a bull market but seems like the price correction is happening right now.
If price break 618 support expect for another months of downtrend.
How deep? No one can tell
We've reach a new ATH for btc and I'm sure the rally is not done yet,
The pullback on 1h to 4h tf are almost done stil holding at 386 fib are and forming CUP&HANDLE pattern, if price break the handle it may go higher than 25k.
If this HEAd AND SHOULDERS pattern materialise, we'll expect that the price may go down to 16.5k (1.618).
The bulls are lossing some strength at 1h tf also at daily that can be seen using Heikin ashi candle.
Other than that, we are still in a bull market but it may retrace deeper than we expect for the price correction.
