BTC Market update

So I made a time off for days to get enough rest from trading. Now I'm back. So my last post was I'm bullish with BTC. But my prediction was wrong, though the recent decline is due to FOMC result and still taking it's effect. As reviewed the market it's seems it's going down even further. I'm placing short entry at 66200 with 68000 stop loss and take profit at 61000 with 1:3 risk reward ratio.

So far the current market movements are due to news. It can also impact the overall market directions in the next days. As of now BTC is in the traders zone but as I can see, the liquidity below 62k is massive and may hit below 60k. This zone is where the big players are about to move. In case the scenario happens, we might experience a huge sell side liquidity before a pump to 74k as Ethereum spot ETF rumored to start this end of june or the start of july.

Still keep safe. Place your stop loss. Or don't get your margins too close from your entries.

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