Bitcoin: Our Target Hit! But The Story Isn't Over (50K-45K) BITCOIN / TETHERCOINEX:BTCUSDTBQueenTradingBitcoin's Weekly Chart: The Most Likely Downside Path My analysis from last month hit the Target! We're currently at 62K, so what could happen from here? In a possible downward scenario - which is what I expect: Closings below 60,000 would increase the likelihood of a deeper correction towards the 50,000 region. From a Fibonacci perspective, downward wicks extending towards 44,000 are technically possible. Especially, a breakout around 68,000-70,000 shouldn't be entered with FOMO (Fear of Missing Out). It could fall to the target from there. Due to frequent liquidation-related fluctuations, leverage risk is increasing in this environment. Chasing spot positions around 50k would be a good strategy. I'll stick with spot positions without leverage. It's entirely my personal preference. I'll think about it :)) Risky days, it's best to be cautious.