$BTC The weekly chart is clear: we're in the most aggressive phase of the correction. ๐
Capitulation: Wave C is usually the most pronounced, and that's exactly what we're seeing. The market is weeding out weak hands.
The $90k magnet: Having broken the 55 EMA, the price has moved too far away from its average. The "stretch" is complete. ๐งฒ
RSI at 33: We're at historic panic levels. There's little fuel left to go lower before a violent rebound.
My zone: The pullback is looking to liquidate near $45k-$50k. Keep a cool head while everyone else panics. ๐ฉธ
Do you see the bottom here, or do you think there's another scare ahead? ๐