Good afternoon Guys
This week I tried to follow Test your btc Intuition.
Today the Daily opening is at $55,133
Which if the Daily closing is above it will be called bullish and below it will be bearish.
In my opinion the Closing Candle will be above the opening price, which this morning has also increased in 2 hours by $2,000
The reason is, in my opinion there are several possibilities
1. If it goes down, it will likely retest the previous area of $55,500 which could have 2 more rejection possibilities or even continue to decline
2. Penetrate and grab liquidation of $57,700, which could have 2 more rejection resistances or even penetrate.
Based on these reasons I took a 3:4 comparison where the chance of the Daily Closing tomorrow will close above the Open price which will be declared Bullish.
To be honest, as long as it is still at a price below 60K, I think there is a possibility of accumulation to continue the decline.
But anything can happen in the market, stay safe gayss
