When using fibonacci retracement, we see that the next target for btc is 7300. It's now trying to break a small resistance zone (the rectangle) and by the way break the channel inside which it is evolving. Eventhough the oscillator on the daily and the 4h chart is quite oversold, panic could lead investors to sell massively.
Note
Ok! next target 6547 and 5853
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.