Although Bitcoin is correcting its price, it is still in its uptrend channel. The probable scenario is that bitcoin will fall to the bottom of its uptrend channel in daily timeframe and return from there (white lines). As you can see, the RSI will reach its support range in about two days, which it hit twice at the beginning of the previous uptrend.
If Bitcoin continues to correct and exit the uptrend channel, the drop in the first stage to the next trend line (purple line) will be in the range of $38,000, and if the next support continues, it will be in the range of $28850.
This is a personal opinion and is not a buy or sell signal in any way. Like and follow me. Be profitable.
Not a buy or a sell, but be profitable? Can i?? Interesting.. Lol
Dia2021
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@euphoricSnail85980, The buying and selling decision is completely personal and my explanation is not your buying and selling signal. This sentence is a general correction, dear friend.