#BTC, I waited to post an analysis today because I wanted to see the price reaction within the green band, which was where we should have had support to jump, but obviously that didn't happen and we broke the green band downwards.
The motivation for this sell-off is more related to the news that we could have a new War. However, nothing beyond that gives us reasons to fall, things remain OPTIMISTIC.
I'm seeing people being very pessimistic, but the BULLS just need to push the price into the green area on the chart, give us a close there, and we'll go back up to the red band on the chart.
The liquidity below $61,500 was taken, and after activating large BUY orders, the price stopped falling and went up a little, nothing too significant, but it's already a good reaction, the bulls need to keep the price within the green band.
There are still large BUY orders around $60K, but the amount of liquidity on the upside is much greater. We are already starting to see large SELL orders coming down and coming to $65K, but any quick jump up there will cause these large orders to be closed.
Of course, none of us wanted this pullback to be bigger than we needed, but don't get discouraged and don't sell your COINS, stay here and hold.
I remain OBJECTIVE!
This pullback has slowed us down, but we will get to $68K soon! Reclaim $62K and jump!
