Given that it was able to drop to $400 very easily, which I marked as wave A, I see no problem or impossible excuse for it not to drop below $400.
Considering many other crypto analysis, this is a possible opportunity to break below $400.
Ew probability says minimally below the pink line(or green).

As long as it is below $700 there is no evidence that it is bullish

I could be wrong
MD
Note
chart
snapshot
Note
BTC or TOTAL is #1 to understand if you are interested in altcoins.
By clicking on the picture, you go to the analysis.
In this war, the bear wins. BTC
Note
snapshot
Note
it seems that 1-5 is coming instead of abc
snapshot
Chart PatternsmoraldiscipleTrend AnalysisWave Analysis

Also on:

Disclaimer