A market full of 🩸
Although a price of around 55K was expected, #bitcoinhoy has marked support at 53K
Some of the causes
The German government continues selling $BTC
They sent 1,300 to exchanges and 1,700 to a wallet
They still have 40,359
Mt. Gox wallets are transacting
These are probably test transactions, in preparation for possible real payments in July
This is the largest liquidation event since the FTX collapse...
I have seen a lot of loss with this collapse in some assets, several closed in S/L and some are waiting for a recovery
I'm still positive on the bull market, seeing great entries in coins like #TON/USDT , $LINK , $XRP $JASMY
However, with the corrective market, a 50K scenario is possible to maintain this momentum and we could even see it at 44K.
So for now I will keep an eye on the market applying DCA on the trades I open
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I will be giving signals so that we will all recover once volatility stabilizes
DYOR.