#BTCUpdate
I've been calling for this 64K region a few days before it came.
However the dip might not be over yet!
Funding is still bearish while we're slowly bleeding, which suggests that another flush down could happen to reset it.
Spot trading lower than perpetual which also shows that market is still being pushed by leverage and spot buyers didn't step in yet.
To make it simple :
Close above 69K and we're back in the track.
Close below 58.9K and we could see lower levels.
Anything in between is just NOISE.
At the end you don't need to be right or wrong as long as you benefit from these moves.
