Market Update !!!
urgent urgent urgent!!!
Whenever Bitcoin crossed 70k+ and reached its All-Time High, why did the market take such a big dump from there? I did proper research on this and I'm sharing it with all of you so that you can learn something. Firstly, there's a heavy resistance level there that everyone knows about. Secondly, whenever the market reaches this level, everyone opens a long trade with high leverage, leading to manipulation for managing interests. Any news that comes out causes a big dump in the market.
Let me tell you one thing, for those who have shorted Bitcoin from the 38k to 30k levels, especially those with big wallets, their liquidation is above 82/85/90k$. The market needs to reach this level, but it will trap the new retailers. It will give a dump around 44k to 46k$, causing panic selling among these retailers. After that, the real bull run is expected to start around mid or end of September. We might see a rally in altcoins then. Whats your opinion Comment Down âș
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