🟢 $BTC & Market Analysis For Today 🟢
Yesterday, the Spot #Bitcoin ETF saw an outflow worth $223,800,000 USD as per table below. BTC is now at the $71,000 region, yesterday we saw a price increase as most of the day BTC was consolidating with a slow increase, this shows us that Algos were slowly catching the sell open positions.
✨What to Expect Today?✨
The buying pressure is not big enough to break the $72,400 resistance level, at least for yesterday, this is why we should expect a downside break (I hope this doesn't happen).
If BTC managed to break the upper resistance level then the next price target should be $74K but again it only depends on the buying pressure as the day goes by.
🪙 Altcoins Status 🪙
We saw a slight increase in Altcoins prices as BTC was increasing & again saw another correction as the SPOT ETF market closed. We should wait for the SPOT ETF market to open and assess BTC buying pressure which will affect the full market.
I will keep you updated as the day goes buy, just be careful with your Futures long positions and increase your TP gradually and keep your eyes on your chart.
🖋️ By @CryptoVenom
