Quote from: BITCOIN4X on Today at 07:24:40 PM

Quote from: dragonvslinux on Today at 05:53:01 PM

With price dropping today from $30K to around $29K, are you worried there will be a deeper correction, or return to bear market, or is this just the short-term correction before re-testing $30K?

The 1 Day and 4 Hour TF looks bearish, but we are still in an uptrend if we look at it from the 1 Month TF.

How does the 1 Day chart look bearish to you? I only see a bearish candle from today, nothing else. As I referenced in the OP, price is above all it's short to long-term MAs, the RSI on the border of neutral/bullish (far from bearish), CMF is still bullish, the only exception would be the MACD that is crossing bearish today, mainly due to the minimal move to the upside above $29K, hence MAs are catching up.

As someone else pointed out in the thread, price is down -3% today, or -5% from it's yearly high, which overall is a pretty standard price fluctuation for an asset like Bitcoin.