Nearly 58,000 liquidations have been completed✅
I hope that we can turn things around from here👍❤️. Otherwise, the price may slide to 55,000 and 49,000 (haha).
The reasons for support are as follows:
Below $58,200, there is no long-term liquidation. In the past three days, the StochRSI indicator showed oversold. The ADx indicator performed steadily👍The market trend is gradually improving. The one-day chart shows a strong bullish trend🔥On the one-day chart, Bitcoin is supported near the 50-day exponential moving average.
Confirmation sign: Bitcoin price can stabilize above $60,000.
Falling assumption: If the Bitcoin price falls to $59,500 and stabilizes again, it may further decline to the $57,300-56,700 range.
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