A dear follower asked me about my opinion on BTC
BTC has been consolidating along the 60k-61k zone. So why is it stuck at 60k? As I've mentioned in my X video, we have a KDJ resistance along 61k-62k.
At this zone major panic selling happened and most likely there's a lot of sell orders left at this price. Hence, we saw BTC skyrocket to 62k, but immediately dropped back to 60k to exhaust the sell orders.
So what could make BTC break the KDJ resistance? There are 2 sure ways, 1. Make support along or near the resistance, and 2. Exact more buy volume. So do we have either of them? Hmmm... The answer is YES.
Moreover, as I have said before, the KDJ oscillator has been anticipating a bounce back to the 71k zone. That still stands, and may still play out in the next few hours or even days.
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