Bitcoin's Correction Confirmed, 93-97K Next Target

Bitcoin's bearish continuation is now confirmed with three consecutive days of bearish action, today being a full red candle.

Good afternoon my fellow trader, how are you feeling today?

Opportunities are endless in this market, and if you trade, you can profit from the bullish as well as the bearish waves. Good entry timing is all that is needed for a successful trade, the right map and mindset.

So the lower high is confirmed and today's action confirms an incoming lower low. The 100K support is very likely to break but this is not written in stone. This is a high probability scenario. We are aiming for a price range of $97,000 - $93,000. But this isn't necessarily the end. Depending on how this level is handled, we will be able to know if prices will go lower or what.

$88,000 is a good level in the case there is strong bearish volume when the above price range is challenged as support. Now it is all a wait and see. Patience is key.

Once the a new support zone settles, we adapt to the market and focus on green. The next step is red. Down we go.

Thank you for reading.

Namaste.