Thank you, simple explanation and analysis 🌹

Market Update

We notice a decrease in selling pressure on the short 4-hour frame and cooling in the indicators (MACD, RSIl) and it seems that the Bitcoin correction has temporarily ended on the daily and short frame and a golden cross formation has begun to appear on the 4-hour frame that may be reflected on the daily and we see a rise in Bitcoin after very strong support from the acquisition support at 55%.

Now we are waiting for confirmation of this and we see the impact of Bitcoin's rise on the rest of the currencies, will Bitcoin rise at the expense of the liquidity of alternative currencies and we see an additional correction of currencies and another decline, or will Bitcoin rise with new liquidity and raise the rest of the currencies with it?

In any case, it is recommended to stay away from futures contracts and stick to entry positions because it is possible at any moment to see a rapid rebound of acquisition accompanied by strong rising candles for alternative currencies, knowing that if the market does not rebound and recover during the day and tomorrow and a weekly close approaches with this negativity, this may have a significant negative impact on the markets.

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$BTC
#Xrp🔥🔥