Bitcoin analysis after dump:

BTC Analysis :

1. Yesterday, We saw a nasty breakdown from the range. We filled the wick so thats one good point.
2. But the thing which i am waiting is for a weekly candle with buying volume which is not present still.
3. I am still bullish long term as it is not a good idea to turn bearish after 40% drop on BTC.
4. But with the Macro Surroundings and Omicron concern which were not a major issue month ago, it is time to be cautious.
5. I expect the 44k-40k area to be a accumulation zone or a slow grind while whales accumulate here.
6. In case of sudden omicron pressure, we could see a wick to 31-32k like March 2020 corona wick (less than 1% chance).
7. I will be buying in this Accumulation zone as the stops are just below so it has very high reward and very low risk. I suggest you to do the same.
8. Also the weekly selling volume is decreasing that is very good sign, buyer now needs to get interested.

🚨 Leverage trades are risky