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.