🛑🛑🛑 BTC update and analysis
1️⃣ BTC was very close to the Pump but what happened to the Dump before the weekly close? This thing is very suspicious so I have an analysis and news update as well.
2️⃣ Therefore, we return to the previous post, which I predicted several days ago about a decline or rise, but I mentioned areas that must be penetrated, and in the event of failure, we have to retest the rise again, but it is very difficult and very dangerous. The only area in which it is possible to retest the rise is 62600, other than that, the lower areas. very difficult
3️⃣ I spoke and said that the 65400 area was breached and BTC did not breach it, so the rise failed and returned to the falling zones. Now BTC is in the falling zones from 61800 to 59800, so these are the real falling zones.
4️⃣ With the news of the Federal Reserve and news related to CZ, the former head of the Binance platform, therefore, they are the most important reasons for the decline of Bitcoin and the market currently. Therefore, the news is that the American government is trying to imprison the former president, CZ, for 3 years due to money laundering violations. And about the Fed, people expected during the year 2024 8 times that interest rates will be reduced. But because of the news we are seeing, there is a possibility of one cut during the year 2024, and we may see a reversal and see an increase in interest rates.
5️⃣ Therefore, I advise you now not to trade during this week or the next if you are speculating or scalping for the future. We may see strong fluctuation in the market during the coming days.
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🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR
