🚨 BTC Trend Update April 10
BTC in the past 7 days has had a pretty good recovery, but in addition there are some issues that I need to remind and write down below. Everyone please be careful and pay attention.
👉 BTC recovered beyond the psychological support level at $71,000 and reached $72,890 shortly thereafter. However adjusted when trying to break.
👉 What is suspicious here is that although the market has increased in price, the market's selling volume is higher than the buying volume. This problem is very dangerous because there will be some real push to discharge when old cases in the past have taken place.
👉 BTC is trying to fill the Gap at 68,300-68,400. In addition, along with the psychological resistance, I find it more important at 67,600-68,000 which is the pullback area.
👉 BTC did not hesitate to try to wipe out all the liquidity at the psychological resistance zones of the Long and Short factions at the 68,000-72,000 range, causing nearly $3 billion to be liquidated in recent days.
👉 In addition, Greyscale (GBTC) has an extremely large and continuously maintained outflow. Shows that the escape move is starting to take place.

The positive perspective will still be there, but perhaps the long-term correction will take place sooner according to my guess. So be careful about Long and Buy. Keep the cash right. I will update more.
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