The market has been going through tough days again recently. Just like the previous war talks, this also seems unlikely to result in anything tangible, but the markets are taking the hit.
#Bitcoin is currently moving within a descending channel and is now at $61,436, attempting to hold onto the critical support zone around $60,000. As long as this support level holds, the outlook will remain positive. The upper boundary of the channel, at $66,000, presents a strong resistance level. Todayâs Non-Farm Payroll and Unemployment data, which will be released at 15:30, has become even more significant following the last meeting. On a broader scale, ETF investors continue to buy, increasing their holdings. #WeAreAllSatoshi
Looking at the overall structure, as long as we donât fall below $60,000, there doesnât seem to be any major concern.
Wishing everyone profitable trades!
