🔥🔥$BTC TECHNICAL ANALYSIS🔥🔥
✅After passsing through the Support level yesterday, there was asurge of volume traded.
✅So, one of the major conclusion from yesterday's price action is,no the major players have marked the price down and managed to hit many stoplosses of retail traders and also, those who jumped into sell positions after seeing the price going down, are now trapped with their orders praying for prices to go down.
✅But, we can see that towards the end of the day, there has been rejection of the price to lower prices.
✅If we see the volume, it is very high;meaning that there is definitely a change of big numbers of coins between buyers and sellers.
✅So what now? It is highly possible that buyers entered the market and managed to absorb all the selling and even push the price up.
✅The next possibility is the 1st wave of the sellers are over and now the price will retrace back to the support level which can now act as a resistance area to take unfilled sell orders.
✅So, most probably the price has a possibility to rise.
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