🚨 Quick Update BTC May 11

👉 Candle D1 closed quite badly, actually engulfed compared to the previous day's candle, this is also a negative signal showing that the Sellers are really overwhelming.

👉 Liquidity at 62,900 and 63,300 is also being processed. $150 million is the total liquidation figure. I have updated the article, you can review it

👉 Indicators such as RSI or MA and Volume all show that BTC is gradually decreasing because the cash flow is already less, sellers are overwhelming all indicators.

🔹 In addition to the above 3 negative conditions, there is also a positive thing: one more spot ETF fund has been approved, attracting a large amount of cash flow into the market.

The goal will also be to rebalance the market.

👉 BTC is expected to continue to decline after retesting the current sideway zone, the 59,200-59,800 zone is the price range that can drop in the next 3 days. The expected price recovery zone can be tested at 61,600-61,900

In the next 3 days, the volume will gradually decrease and the amplitude will gradually narrow, leaving the beginning of the week open for a new trend

🐳 My May plan has been active for 11 days. BTC is going quite well, right? This article is for your reference in the coming days, before making plans for the next week. Personal view, you can refer to it and make your own decision. Don't forget to follow and interact with Trading Insight ❤️