$BTC

The market continues to show the pullback and weakness that we expected after price reached the resistance area around $74,400. Since that region was tested, the market has started to move lower, and this local downside movement is still unfolding at the moment.
It is important to keep in mind that the overall structure still appears corrective in nature. When markets move within corrective patterns, price action is typically less directional and often develops in a choppier, more uneven way. In other words, traders should expect a rather bumpy ride while these structures unfold.
This also means the market is not currently in a clear expansion phase. Instead, price continues to move within corrective dynamics, where rallies and pullbacks can alternate quickly before the next clearer directional move develops.
#Bitcoin