BTCUSDT Analysis by @pipsnipers

The analysis focuses on Bitcoin (BTCUSD). The analyst observes a bearish engulfing on the daily timeframe. The analysis expects a revisit to the 21 and 50-day moving averages, around 106,000-105,965. If Bitcoin can't break above 107,910-108,170, it’s likely to fall towards the moving averages. The video notes three negative divergence on weekly time frame and smaller time frames The analysis stresses there haven't been definitive moves indicating the correction is complete.