BTC might go below 50k if the german govt continues to sell their Bitcoins. And they will trigger investors. I'll let my SL to be Hit or wait for opportunity to close my position in lower loss. We can't beat the market but we can adjust our risk. Stay safe

BTC market update

The last 2 days had been a struggle for BTC to go upward. Though, we all know we've been manipulated for us to pull back positions in losses. Market makers will always look at the areas where the money is sitting. Right now it's undetermine yet as I don't see we entering the bearish market. That 57k to 60k is the area of consolidation. And it's becoming a battle. Be careful for taking shorts as you are in the considered demand zone now. Liquidations are more on the upside than the downside. Money makers target is to put fear to investors. Now, If BTC breaks the 55k level, then it might go down to 40k to 45k area. Those were unmitigated areas. But if BTC regained the 65k to 66k then expect it's going to 70k to liquidate shorts. It's just a matter of time and we can't tell yet who will be the first to be liquidated. I already entered stop loss at 54,8k. So if it get stopped, I'll reposition below 50k.