Bitcoin general technical update
He was able to maintain support of 56400 despite the selling pressure from the German government
Of course, this selling pressure certainly has results, including yesterday’s candle. It was a candle that we can say was disappointing or made us raise caution and pay attention to our entry into currencies. It must be due to at least a reason such as the ADA currency, even with the decline, as it is on the rise by 14%.
And the BB coin maintained its price at least
Caution is good. Not trading is better than getting attached
Back to Bitcoin
As long as it maintains support at 56400, there is still a chance of a bounce
But if the closing occurred with a candle on the day below this support, I think the situation would be unclear
Due to the mixing of positive patterns with a break in any support, the situation will only be monitored and waiting for positive or negative signals to form.
We are monitoring what Bitcoin does after the German government's amount of Bitcoin approaches expiration
If 58,500 is recovered, the situation will be safer