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We will see that, be happy, the Bitcoin market today was hit by a negative sentiment and became a bearish sentiment again after some time before recovering a few months, the candle in September had been confirmed to be a red candle.
Next month gives a better moment to Bitcoin, and the right distance to save Bitcoin to Halving Bitcoin in this cycle, I am very waiting for it.
For predictions of a few days, it is more sideway and below, and that will definitely happen, maybe this sentiment will push the price of Bitcoin to the level of $ 24K- $ 23k back in the next few days before Bitcoin does it back up.
For daily and weekly TFs it can be confirmed as a red candle, but I cannot confirm that this red candle will continue on the monthly TF. This means that there is still a possibility of seeing a green candle before September closes, so don't let your optimism disappear just because of a correction.
In fact we haven't finished the second week for September yet, so I think there's still plenty of time to see the differences. Negative sentiment in the market can turn positive, but it may take some time to expect recovery. Red candles have been kept in July and August, but I didn't hope there to be 3 red candles in a row. While I'm not really sure what caused the market to correct in the last few hours, it's a good idea not to pay too much attention to it if you don't accumulate.
Well, on a weekly time frame, there is no change in the structure of the bitcoin. Bitcoin is making HH and HL and as long as this structure remain intact the bitcoin will remain bullish. For me, 24,800 - 25,000$ is a key level. A daily close below this level will mean that we may be moving towards a break of structure, and a weekly close below this level will confirm an extended bear market.
I hope Bitcoin will not break this important support and right now we are seeing that Bitcoin is pumping nicely from this support but seriously we would not want Bitcoin to touch this support a few times, making it weak.