#MarketIndicator #BTC☀ #MarketDownturn #marketanalysis. #CryptoDecision
The worst case retest level for BTC would be 30400 level. That is if 49000 is broken and trading is below that level. Which means weekly is pulling back to the 200MA for retest.
This was bound to happen, as the weekly was trading too far from the 200MA for some time.
Once retest is completed, then BTC is gonna break previous ATH after bearish retest is completed.
Retest is healthy for a balanced market, if no balance, it wil collapse on itself, as selling pressure will just keep increasing if no retest is done.
