Hello everyone 🌸

Bitcoin has unfortunately fallen below the critical support level of $67k, leading to a deeper decline. We are now back at the dip support point marked by the blue dashed line. Although the break of the RSI and $67k resistance weakened this possibility, the inability to stay above $67k has increased it again. #Bitcoin_Coneference_2024

In recent months, the market has been quite volatile, testing investors' patience and confidence. However, $BTC has historically overcome major declines and reached new highs. This market is a game of psychology and illusion. There is a discrepancy between current data and the positions of major investors, indicating that the long-term outlook remains positive.

Coinbase, which had been in a buying position for a long time, switched to selling after losing the $67k level. Similarly, #Binance , which had been trading sideways, also turned bearish, and whale activity has fallen below zero again.

$67k was a key level, but due to Mt. Gox news and $ETH ETF expectations, the price couldn't stay above this resistance. While losing this level is discouraging for market participants, we should remember that this situation is temporary. Bitcoin has historically bounced back from such fluctuations to achieve new peaks.

Rather than making emotional decisions, sticking to long-term strategies is the best approach. Investors should remain calm and rational to make the most of the opportunities the market offers.

Wishing everyone a great day and profitable trades!