#$BTC

🔥🔥$BTC TECHNICAL ANALYSIS🔥🔥

✅So, it happened as I predicted...There is a huge mark down in the $BTC value and it has gone right through the support level.

✅This has double meanings. The first one is, as BTC was struggling to stay above 65000USD, we saw that there is not enough buying power left to overwhelm the sellers. So, sellers must have taken control of the market and pushed the price down. ✅This is very evident by the long bearish candles and their price action is validated by the volume.

✅The next one is, now only many retail traders who are hyped by this move are starting to enter selling positions. The major players in the market have already secured a lot of profit by now because they were planning this move, entered selling positions early and now their plan is completed.

✅So, while retail traders rally, the move by sellers is done. So, if you are expecting to jump into sell positions be careful.

✅If, the buyers are buying at this low price, there can be a rejection in the price. So, the close of the today's candle is very important.

✅If it managed to close below support level, there is a tendency that price may revisit the support level again to take unfilled orders before falling even further. Thats when retail traders should make their move.

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