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📊BTC closed the daily candle above $60,000, alts bounced 7%-20% overnight, bitcoin dominance is falling, which means long positions are coming back to work.
💰 SOL continues to form a negative picture Price continues correction on 1 day timeframe. Let's take a look at what has changed 🔎 Price declined from resistance at ~$186 to support levels that are mirror levels. There was a breakdown of the mirror levels of ~$159 and ~$170 📉 As a result, key support levels ~$125 and ~$133 were reached, which form something like a support zone. Now the support levels are being tested, going under which may mean the formation of a double top pattern. This is a strong bearish reversal pattern 🐻. However, it is strongly obvious here. It may represent a trap for bears. So far, there are no direct indications of a move. But we should be clear that the key now is a breakout or bounce from ~$125. If it is broken, things will be bad. Otherwise, the price will start to rise and return to resistance levels near the local highs 📈
💰 What do you think of BTC? At the moment it fell below $61,000. Now the price is trading at the nearest support price, if it doesn't hold the price, the price will smoothly fall to $57,000 for the next month. Alts have come to their major supports, if they sell below, things will be very sad. Prepare for the worst, hope for the best.
❗️❗️❗️ Bitcoin fell below $61,000 Reaction to Bloomberg news that Bitcoin and Bitcoin Cash have begun to be returned to Mt․Gox clients. Mt.Gox needs to pay 142,000 BTC and 143,000 BCH. Over the past 24 hours, 89,180 traders were liquidated, with a total liquidation amount of $268.09 million.
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