⚫️ Drop below $70K: What's next?

At one point,#Bitcoinfell below $69,000 after US unemployment data was released that showed a rise to 4%.

🟣While analysts suggest that this data caused the decline, I actually think we witnessed sophisticated#marketmanipulation. One piece of evidence is the record number of hedging trades made by major players on the Chicago Mercantile Exchange.

Their goal is simple:

◼ Shaking off weak hands that were tired of waiting for a rise, which prompted them to sell.

◼ Discourage strong hands from increasing their positions and length.

Market makers' rules of the game: squeeze marginal #traders, scare off investors, and only then, after accumulating their own liquidity, push the price higher.

🟢I think we will see a recovery very soon. I will continue to hold my#BTCposition.