Bitcoin continues to move in the descending channel.
The last momentum broke the upward structure.
Most of the previous weekend was accompanied by bitcoin falling.
The fall slowed down -> correction or distribution zone.
There were few liquidations over the last impulse and no drawdowns were redeemed.
The DXY index and rate hike are against the upside for now.
I expect bitcoin to continue falling after correction and fixation under resistance level.
The last momentum broke the upward structure.
Most of the previous weekend was accompanied by bitcoin falling.
The fall slowed down -> correction or distribution zone.
There were few liquidations over the last impulse and no drawdowns were redeemed.
The DXY index and rate hike are against the upside for now.
I expect bitcoin to continue falling after correction and fixation under resistance level.
