The predicted rebound of the lower level dead cat is reached - $ 57,532 ✅ A higher target at ~ $ 58,800 is still possible, but a decrease in momentum contributes to a pullback to 55.5 / 54k. This has not happened yet, because the dollar index is now falling heavily. For the same reason, stocks that started Monday falling have now recovered up this distance.
Once the DXY bounces, stocks and Bitcoin will pull back. For bullish BTC, this pullback should not exceed the levels I noted above. To restore the uptrend, BTC should close a pair of daily candles above $ 59,000. Until then, the 35-40k target zone remains in effect.
Posted Using LeoFinance Beta
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