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🚨 CRYPTO CRASH WARNING 🚨
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Bitcoin is going down and might go below $62,000.
It's losing steam, which could mean a down market.
Bitcoin needs to bounce back soon to avoid dropping to $61,000 or lower.
🪷 FTX News:
Creditors will get 118% of their money back, which is good.
But there are worries about how assets will be sold and money distributed.
🪷 ETF News:
Yesterday, money flowing into ETFs was a bit negative, which isn't great.
🪷 Bitcoin Analysis:
Bitcoin is looking more like it's going down and is getting close to support levels between $61,500 and $60,800.
We need to see a strong response from these levels to stay positive.
If interest and momentum pick up from here, it could lead to a stabilization and positive turn.
🪷 Trading Advice:
Wait for the market to confirm before trading.
If Bitcoin gets support and turns positive, think about trading cryptos like RUN, Athena, Tellor, Phoenix BB, Reserve Rights (RSR), and Luna 2.0.
Be careful and wait for confirmation before making any trades.
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