If the price drops below $57,000, not even a double bottom pattern can save it. The German and American governments, along with Mentougou, are offloading their holdings in the spot market, exerting immense downward pressure. No matter how much is bought in contracts at these low levels, it won't counteract the selling pressure; instead, it just adds liquidity for further declines.
### Weekend Hope:
I hope there's a sector to trade over the weekend since the German government won't be active then, reducing selling pressure. However, the market might pivot to speculative plays on bankrupt assets, driven by desperation.
Confidence is teetering on the brink.
#CryptoMarket #BTC #ETH #MarketPressure #WeekendTrading #Speculation
