Recently, the market for BTC has been garnering new and renewed attention.
And that has many looking at the potential trading opportunities…
While we’re still out of the market for BTC, it could be setting up for a potentially big drop ahead.
So, let’s look at the BTC futures contract market (BTC) and stay up to date on how things are transpiring.
The BTC Futures (BTC) Market Review
Here’s how the chart is setting up for the BTC (BTC) futures contract market…
The BTC futures contract (BTC) daily time frame is in a down trend. The market is making lower lows and lower highs.
There is a down Fibonacci extension below the market price point 11,060 about -2,134 ticks below the market.
I am out of the market waiting for the market to hit the down Fibonacci extension. Then, I will look for the bullish reversal towards the monthly Fibonacci extension.
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