Hi there
BTCUSD went a little bit higher than previous 52k target mentioned, to hunt liquidity from sellers and grab from buyers, as some bought the top thinking it was a breakout.
This fast drop, was to make sure a lot of buyers got stuck in prices arround 48-49-50-52k, so this price BTCUSD wont visit it back as they would breakeven their positions, so this will be a massive resistance which price wont break.
Now look for corrections only at smaller timeframes , and follow the drop-
Target still 20k, maybe lower.
Good luck
BTCUSD went a little bit higher than previous 52k target mentioned, to hunt liquidity from sellers and grab from buyers, as some bought the top thinking it was a breakout.
This fast drop, was to make sure a lot of buyers got stuck in prices arround 48-49-50-52k, so this price BTCUSD wont visit it back as they would breakeven their positions, so this will be a massive resistance which price wont break.
Now look for corrections only at smaller timeframes , and follow the drop-
Target still 20k, maybe lower.
Good luck