We've known that a correction is due for some time now. With this parabolic run up we can expect the same on the way down. If BTC closes the daily under 10.2k than I think we will head down to 9.5k before we find some decent demand. The grey box is the general area you can accumulate some for yourself.
Taking a step back and looking at the weekly tf... Look at that massive amount of sell volume we experienced last week,that volume bar represents 300,000 BTC so I think we can assume we bought up a lot of the supply at 13k. The weekly candle closed as a shooting star doji, but I'm still bullish and still think that we are just experiencing a correction.
With BTC correction it might finally be time for some alts to reap the rewards... Maybe
Taking a step back and looking at the weekly tf... Look at that massive amount of sell volume we experienced last week,that volume bar represents 300,000 BTC so I think we can assume we bought up a lot of the supply at 13k. The weekly candle closed as a shooting star doji, but I'm still bullish and still think that we are just experiencing a correction.
With BTC correction it might finally be time for some alts to reap the rewards... Maybe
Also, there's a strong possibility that we close the daily below the pivot. That's something that BTC hasn't done in months and indicates momentum to the downside