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I’ve grown to really like fib levels over the past few months of learning. By sticking with mathematics, I eliminate subjectivity, fear of what’s to come and any bagholder bias - and also it is in honor of my Dad, who was a Mathematician; may his memory be a blessing.
Anyway -
$BTC nearly got to .618 fib retrace in early Feb: that level is at $57.7k.
Now we’re chopping around the .5 retrace: 70.7k.
I’d imagine we at least try to get close to .382 - $83.7k if there’s any strength at all this year.
Next levels down if we fail are $39.1k at the .786 fib.
I ignore all news events, and just focus on charts. It’s much easier that way, personally.
We will see how this ages over the next 6-8 months 🥂