🚨 Update BTC on May 6

Today, at the beginning of the week, we can see that the market is quite positive. There are a few changes that we need to update to the market. Let's quickly score with Trading Insight!

👉 In the past 2 days, the number of Sharks 🐳 increased dramatically in the cumulative buying volume of BTC at the price range of 63,900 and 64,400. The number of individual sharks bought up to 4500 BTC for 1 wallet with a volume of more than 290 million $, directly affecting Bitcoin price while accumulating in short time frames

👉 In addition to being positive from the sharks, BTC also tried to retest the psychological support zone and took away the liquidity zone at 64,400. There is an area of ​​66,500 with a lot of liquidity there that can also be obtained.

👉 BTC is retesting the trendline and support price range at 64,100-64,300. If it really breaks, BTC must return to 66,500-67,500.

👉 According to my personal view, this week exactly from tomorrow the market will start to reverse. Returning to 60,200-63,100 is very good in a short view.

🔹Looking at the news of the BTC Spot ETF attracting a large amount of capitalization to push up the market price, but currently regaining trust from new investors is not as active as before. There will be a possibility of finding a way to push the price up and then release it strongly.

In case you pump too hard, that's it, let's give it another chance. Altcoin has only been bought 30% so I hope not to pump too quickly.

What do you think about Bitcoin's direction this week?