Hello, everyone!
Current BTCUSDT bounce is very dangerous and it makes me even more bearish than if Bitcoin continue dumping. Market maker, obviously is going to collect the liquidity at $28300 and after that the dangerous hours will begin.
I supposed that Bitcoin will reach $25k before bounce, but tricky wave 5 was shortened. Therefore the wave 1 inside the most impulsive wave has been ended and now Bitcoin is pribting the reactive wave 2. It has the natural target at 0.61 Fibonacci, approximately $28300. There is gonna be the nice short entry point.
After reaching this price level I expect the worst. It seems like the wave 3 is gonna be extended to 2.61 Fibonacci level. Rapid dump, in my opinion will be stopped in the area between $19500 and $21200.
Best regads, Ivan
