Good morning friends,
We have come to the last day of the week and the market is still red. As I have been saying for days, there are 2 data we are waiting for from the US today and we said that these may cause movement. We have exceeded 61k.
The important thing is not the weak green candles. We need to rise above 61.8k or even 63.4k as soon as possible. Despite all the negative market conditions and war news, I think $BTC has held up very well. But the bottoms are ruined.
#Bitcoin may not be preferred over gold in risky times, but I think it has provided confidence with its stance. If it maintains its solid stance in such situations, the escapes from the bottom will decrease in the following times.
You may say that the Dom has flown, the reason is not the BTC crush, but because the money remained on the #BTC side when money came out from the bottom.
If we move on to the daily analysis:
We cannot say that the market is positive until Bitcoin exceeds 61.8k. If it moves a little, there are coins that will follow. Strangely, I liked the stance of our stable coin $ARB .
We are at a total level of 2070+ Trillion dollars, there is a lot of money in total because a lot of money is needed for 60k+ bitcoin movements. We are standing with the money in bitcoin, not the money at the bottom, we are holding support.
