A close (preferably 4H) below blue forkline would confirm the blue C-fork is in play and suggest a fib-based target of ~84k (0.618 retracement).
if 1st target of 84k is reached, it would technically activate the bigger C-fork (red) and close below the red forkline would suggest a further drop to ~77k (0.618 retracement).
Coincidentally this would fill the CME gap. Historically almost all CME gaps have been filled.
If this plays out, 77k would be a fantastic spot to open some longs both on BTC as well as altcoins.
if 1st target of 84k is reached, it would technically activate the bigger C-fork (red) and close below the red forkline would suggest a further drop to ~77k (0.618 retracement).
Coincidentally this would fill the CME gap. Historically almost all CME gaps have been filled.
If this plays out, 77k would be a fantastic spot to open some longs both on BTC as well as altcoins.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.