Two crucial levels are currently in focus for Bitcoin: 1) $6

--・272 views

Two crucial levels are currently in focus for Bitcoin: 1) $64,000 mark 2) $67,000 mark Breaking below $64,000 could signal a downward journey towards $60,000. Despite hovering around $64,000, hesitant investors are cautious about opening long positions due to recent sharp declines. The trading volume has remained relatively low both on the way up to $67,000 and on the way down. This suggests a significant decrease in market participation from both buyers and sellers. As May approaches, a further decline in trading volume is anticipated, a trend that typically persists throughout the summer months. A decisive close above $64,000 could pave the way for a retest of $67,000. Currently, I maintain my short position, anticipating a move towards the $60,000 level. #Binance #BitcoinTrading

Two crucial levels are currently in focus for Bitcoin:
1) $64,000 mark
2) $67,000 mark
Breaking below $64,000 could signal a downward journey towards $60,000. Despite hovering around $64,000, hesitant investors are cautious about opening long positions due to recent sharp declines.
The trading volume has remained relatively low both on the way up to $67,000 and on the way down. This suggests a significant decrease in market participation from both buyers and sellers.
As May approaches, a further decline in trading volume is anticipated, a trend that typically persists throughout the summer months.
A decisive close above $64,000 could pave the way for a retest of $67,000.
Currently, I maintain my short position, anticipating a move towards the $60,000 level. #Binance  #BitcoinTrading  