Hello everyone:

Here on Bitcoin , from my previous outlook and forecast, price indeed made that bearish move down to the lows which was expected.

Price pushed to the bottom of the previous lows, since it needs to develop a bigger continuation correctional structure for the higher time frame next impulsive move.

We can see now price has indeed hit the lows, and the bearish momentum has slowed down on the lower time frame, and possible double bottom could be forming.

To confirm the upside, we need to wait and see the lower time frame development.
Can we see some strong bullish reversal price action on the lower time frames, that can give us the confirmation we need to look for long term buy and hold.

Will be updating next few days/weeks on how price develop.

IF price doesn’t form and bullish reversal corrections, and continue to drop lower, then of course no entry, no trade.