LIVECertainly! Here's a simplified version:
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💥 WHAT JUST HAPPENED? 💥
Did you see it? Bitcoin ($BTC ) took a sudden dive from around $63,000 to about $59,000 in just an hour. So, what's the deal?
It's no surprise that $BTC will have big crashes soon, and what we saw today is just a taste of what's to come. Over 10,000 BTC (about $600 million) were traded in the last hour to prevent a disaster. Why? Because if BTC drops below $58,000, it's a danger zone where lots of people will be forced to sell their BTC to cover their losses. Remember when BTC was over $70,000? Those who bought with borrowed money above that price will be in trouble if it drops below $58,000. And when they're forced to sell, BTC's price falls more, causing more people to sell, until there's no more downward pressure.
The recent 10,000 BTC trade wasn't a coincidence; it was an attempt to delay the crash as long as possible. But you can't stop a dam from breaking forever. Eventually, it'll give way, and that's when we'll see the real crash.
This cycle isn't new. It's all part of the process leading to a healthy and strong Bull Market. So, be careful and stay safe.
~ #cryptoblessinghelper ☘️
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