#BTC has a very high correlation with #NDQ #SPX for a number of months now and as we are all aware that the macroeconomic situation is not looking good. At least for now. So since #BTC and the US Markets are down, we as traders or investors, our job is to analyze and find key level support. So I have here to support lines which I got from a downward Fibonacci Extension tool and drew another Fibonacci Retracement in between the 2.618 and 1.618 Fibonacci Extension levels.

#BTC is consolidation on the yellow line for a number of days now. If it breaks, we now have the red line to support. Again, these lines and values are from the Fibonacci tools which we commonly use in our own trading system.

Whatever happens, we can still earn is such volatile markets like crypto.

Thank you and good luck!