In the last dip, liquidity in the yellow zone of Bitcoin could not be obtained. If at that time the movement had also taken that zone, I would have expected a medium term dip to be seen.
However, after a few days of break, sellers seem to have gained strength. This time, it looks like it could go down a notch further as well. It is advisable to be cautious.
If I were to chase a dip for buying, I could place an order for a strong move up to around 92-93k. For now, it is beneficial to watch.
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In the last dip, liquidity in the yellow zone of Bitcoin could not be obtained. If at that time the movement had also taken that zone, I would have expected a medium term dip to be seen.
However, after a few days of break, sellers seem to have gained strength. This time, it looks like it could go down a notch further as well. It is advisable to be cautious.
If I were to chase a dip for buying, I could place an order for a strong move up to around 92-93k. For now, it is beneficial to watch.