Dear Family;
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1. Bitcoin experienced significant price volatility yesterday, witnessing both upward and downward spikes, leading to the liquidation of short-term traders.
2. Wednesday could mark a counter-trend day, potentially initiating a bearish trend that may extend into Thursday and Friday.
3. Bitcoin displayed robust support around the $68,500 mark, further confirmed by surpassing $70,000.
4. I maintain a bullish stance on Bitcoin, supported by favorable technical and fundamental factors.
6. Open interest for Bitcoin is on the rise, and the CVD (cumulative volume delta) indicates bullish sentiment with an increase in buy orders.
7. I anticipate resistance around $71,000; however, I foresee a bullish breakout towards previous highs around $73,000.
♨️
