It can drop sharply again
After the recent drop, the price has returned to the 0.5 Fibonacci level.
The sideways and weak price movement may indicate that market participants have accepted the current price or even are preparing for the next drop.
The chart suggests increase in bearish momentum.
The sideways and weak price movement may indicate that market participants have accepted the current price or even are preparing for the next drop.
The chart suggests increase in bearish momentum.
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