#BTC update
- The spot situation has decreased in sales => the sell limit has matched the 70-72k range according to the previous update
- A positive signal appeared when Perp had a large limit order vol > 1.5B
- Price ran ahead of the news, when US GDP in the first quarter decreased compared to forecast traders' expectations, SP500 also adjusted to the support zone (Bad news is out, BTC still recovered well)
- The US has pumped support money since May 29 (updated). Today, the price of nearly 5B option expires and the price may fluctuate around there => After expiration, the price tends to go in one direction.
My personal plan is not to wait for BTC to adjust so I can put the remaining USDT into this price range with the base coins in good entry (There are updates in the group).
Short-term expectation that BTC will break ATH in May 6$BTC $ETH $BNB #btc #StartInvestingInCrypto