$BTC Good morning everyone ✋🏻
#Bitcoin has retreated to $58,000, marking its third touch at this level. With U.S. markets closed today, there is significant illiquidity, as I mentioned yesterday. Currently, the $58,000-$55,000 range is a crucial support on the weekly charts, and maintaining this level is important to prevent further decline.At present, there are no signs of recovery in the spot CVD. Sales continue on both #Binance and Coinbase.Looking at the CVD details, whales have not made significant sales and are maintaining their Bitcoin holdings. However, small investors are panicking and selling during each dip, leading to a significant decrease in their #BTC holdings over the past four months.
At present, there are no signs of recovery in the spot CVD. Sales continue on both #Binance and Coinbase.Looking at the CVD details, whales have not made significant sales and are maintaining their Bitcoin holdings. However, small investors are panicking and selling during each dip, leading to a significant decrease in their #BTC holdings over the past four months.
Wishing everyone a great day and profitable trading.
