#BITCOIN : Bullish $BTC Today⁉️

.

.

.

.

- The market has been relatively flat since yesterday evening, with decreasing volume, which is typical for a weekend.

- Recent selling pressure is largely attributed to big entities selling Bitcoin.

🇩🇪 German Government Selling Bitcoin:

- The German government sold some Bitcoin yesterday, though it remains unclear if they will continue to sell.

- The impact of this selling is expected to be relatively minor.

🖲️ Market Structure and Technicals:

- The overall market structure is still bearish, but there are some slight bullish confirmations.

- Breakouts have occurred above key levels of 54,500, 55,000, and 56,000.

- The critical level to break above for sustained bullish momentum is 57,000.

🧫 Expectations:

- A recovery is anticipated over the weekend, assuming no further selling by the German government today.

- The next 24 hours are expected to be bullish, with potential changes on Sunday and Monday.

- If the market breaks above 57,000, bullish momentum is expected to drive prices up to 58,500.

#MtGoxJulyRepayments #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown