After yesterday's reaction of the buyer, a retest of the level of 55k followed, it was not possible to gain a foothold above the fall continued. At the peak, the price reached $45 000. Had a complete correction of the market, a large number of longitu was liquidated.
The price fell out of the ascending channel, in which it moved from $ 33,000. Personally, we do not see a reason to panic about the trend, it is still ascending, just the market has moved into the correction stage and this is normal, we can not grow forever.
The nearest strong support is at the level of $45,000, if it does not stand , we will move to $43000-42000. From there, we will expect the buyer's reaction.
From the current numbers, I would like to see a 2-3-day trade to accumulate a position before further movement. We do not expect a quick turnaround, it will take time.
