BTC CME

Will do it short :

- BTC retraced 38.2% Fibo on CME
- BTC retraced to 50% Fibo (50,000 ish On Exchanges, not on CME)

- Nice gap to take back around 57,800-60,000 zones

if we break down EMA50 ( Green EMA ) then we could see more bearish move to :

- Fibo 68.2% : 47,000
- EMA100 : 43,000 support ( Orange EMA )
- EMA200 : 33,000 support ( Very strong support ) ( Red EMA + Very Big demand zone )

if we retraced already next target should be :

- next TP 74k+

That said this retracement is logic. everything going up have to go down to reinforce before going up again. No need to panic.
i used Chicago CME ( institutional players are here ) , so don't compare BTC price, it's different from Exchanges.

Happy Tr4Ding !

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