$BTC Hello everyone 🌸
#Bitcoin broke its trend yesterday and is currently retesting it today. However, the 64,000 region is very important for us, and as long as this area is not surpassed, the pullback will continue. The reason for this morning's selling pressure is that Mt. Gox moved 44,527 $BTC to a possible internal wallet in preparation for repayment. This means that the drop is not due to Mt. Gox creditors selling yet; it's just the news being sold, and the sales are coming from futures. If Mt. Gox actually sells, then the drop will deepen. For now, there doesn't seem to be an issue.
#BTC This is our strong resistance region at the moment. It is crucial for this area to be surpassed 👀
Coinbase started purchasing Bitcoin when it was priced at $54,000, and they haven't sold any yet. On the #Binance side, there's no visible spot selling pressure either.When we look at the futures market, we can see that the sales are primarily coming from the futures side.
This situation indicates that the Mt. Gox Bitcoins haven't been sold and that the sales are mainly driven by news trading.Furthermore, when we delve deeper and analyze the spot CVD (Cumulative Volume Delta) specifically for large and small investors, it is evident that whales are not selling.
In the spot market, whales aren't selling, Coinbase isn't selling, and Binance isn't selling.
I wish everyone profitable gains 🌸
