As we can see that BTC has had a very healthy correction. It is not because of the whale fund moving around. That is just an illusion thing that indicate trigger people psychology. We can see that BTC is having parallel uptrend after that correction, the Rising Wedge til this point had probably ended. And we are still in a major bullish market, as the stock market will not able to stand up any more longer. Money will flow into another market.
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We may see a retrace to 8000 firstly. and let see what next in the next 2 days.
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If BTC broke down that red line, surely we will going to a bear market.
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Bitcoin keep resist to go down below that RED LINE. It touched the red line, go passed a little bit and then right back up. What is that mean? Are you confused. It is mean that BTC decline to go down.
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and again we touch the RED line. Higher LOW.
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If we go down to 75xx then BTC is bearish
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Nice run, BTC touch the red line and keep coming up.