BTC/USDT COOLDOWN WAS VERY MUCH NEEDED!

BTC is looking to retest the next support inside a value area around 53K Fear and Greed index has finally turned in to fear and we all know that when there is fear is the best time to buy. For the past couple of months it was all about greed, retail investors jumping in at higher and higher prices, big guys know this and they liquidated everyone. What we need to see next is BTC finding support inside the value area and preferably an increase in volume with the drop. I am still bullish and I think all BTC that has been sold is going to be bought back. If we find support I believe BTC could be on a range accumulating strenght to then break out to the upside. We need to anticipate this moves, and always have in mind that it could break down too, that is why we do TA and we look for support and resistance levels. Overall I am still bullish I will be watching closely as this could be a great opportunity to buy good alts at a discount!