#BTC #HotTrends $BTC USD breaks through the 69K mark,
grows by 8% and hits a strong resistance zone.
There is a high probability of forming a false
breakdown before further correction, as there
are reasons to weaken the price a bit before
further growth.
The flagship of the cryptocurrency market
updates the high at 73794. Technically, 69K
İs starting to sell off strongy and the bars on
H1-H4 make many nervous, but the market
maker comes into play at the moment when the
market becomes unbalanced towards selling.
On H1-H4 you can see the decline start to
redeem itself and price compresses to 69K and
then forms a breakout. At this point, all sellers
are trapped and liquidated. The price reaches
a new ATH and hits the limit-resistance set up
in the market to hold the price, as the bull run
cannot continue all the time, the market needs
a rest, the whales need to open positions at
more favorable prices than 74K, and halving the
decline is another reason for the asset to drop
in value.
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