As I expected, BTC failed to gain a foothold above $25,000.
Barely touching $25,200, BTC quickly corrected down in a single big candlestick. This is a sign of weak buyers and strong sellers.
But it's still too early to say that this is the beginning of a big decline. As long as BTC has not fallen out of the trend channel, we can see a second attempt by the bulls to break through $25,200 in order to gain a foothold higher.
It's important that BTC doesn't fall below $23,650 - in this case, I expect a more rapid fall to the $23,000 - $22,400 area
#BTC #correction
