Technical Analysis

Crypto Market Slows Down For A Higher Degree CorrectionJan 3, 2024

Crypto market turned sharply down after Matrixport’s latest report claims that the SEC will reject all Bitcoin spot ETFs in January, and final approval may be achieved in the Q2. Well, after we spotted the wedge pattern within wave »v« of 3, seems like a higher degree a-b-c corrective slow down can be now in play with 1.5T – 1.4T support zone before a bullish continuation for wave 5.

Crypto Market Slows Down For A Higher Degree Correction Crypto TOTAL 4H Chart
Crypto TOTAL 4H Chart

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