$BTC
#Bitcoin❗ Analysis
Local cooling💬
Over the past 24 hours, Bitcoin has responded by falling by 2% and reached $96,600.
Due to this correction, the local mood on the market has changed quite a bit, the greed level has dropped by 13 points, and more and more people want to see a deeper pullback and another wave of discounts.
However, many forget an important factor: a huge amount of liquidity is now entering the market, which is helping Bitcoin to update new highs. In the last 24 hours alone, Tether printed another 3 billion USDT! This month, so much money has already been printed (13 billion USDT) that is usually not printed in six months. In addition, the largest Bitcoin holders (MicroStrategy, GrayScale) continue to buy at current levels. Do you think people who own billions will buy Bitcoin at unfavorable values? - the answer is obvious.
Keep in mind that you should be prepared for rollbacks and local cooling of the market, but you clearly don’t need to wait for a trend reversal and a strong correction, otherwise you will only make things worse for yourself.
