We are in a phase of a third wave, which we still do not know if we have finished. As we know, over the course of three weeks BTC has been in decline on the part of the traders.
What levels or areas have they been looking for? As I have been telling, among those levels were 72,086 and 69,869, which are levels that have already been reached.
There are levels that have not yet been reached and are very close to where the current rebound has occurred, these levels are 57,757 and 52,345.
Why has BTC rebounded?
He has arrived at an area where many were waiting for him, especially a level in the middle of the areas where he is inclined to arrive if he continues the downward trend, an area where the price was sheltered, as seen in the 4-hour image, 59,970, we see how this shelter has provided support for the rebound.
Is it necessary to look for the downward targets that I already mentioned and that are very close? No, the market decides what it wants to do, what we do is follow it, observe it, but if there is a downward continuation, it may seek these areas.
