Friends, it’s been quite a while since I last discussed the situation on the #BTC 💶 chart. I feel it’s time to rectify that and share my thoughts with you on where the price is likely to go next.

I’ll start by saying that, as the asset growth, it successfully reached my first target: the full closure of the 1W imbalance ($75,660) ☑️. After that, a decline set in, which forced me to revise my chart markings.

‼️ I believe that following the sharp February slump, the asset began to build upward momentum, which came to an end not long ago. The current decline is nothing more than a correction of that momentum 📉. That is precisely why we will not see a new wave of growth until the price reaches the 1–1.272 Fibonacci zone.

I think everyone has realised that, in the medium term, I expect prices to fall. But that doesn’t mean there won’t be any further growth! 🔥$BTC

BTCUSDT

Perp

67,874.2

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