Thoughts on #BTC
In two days #Bitcoin lost 20% and won back 14%)
Now the traders who dumped longs in panic have a pretty strong fomo, so I think many, having lost control, are opening long positions with huge volumes in order to recoup the minus.
The key stop for all long positions, at the moment, is the mark of 49000$ (red line) and everyone sees it, there is a large amount of liquidity below it, they will start to close below it.
Based on this, I am for the bottom, at least to knock down $ 49,000.
But we also have an open road to the $ 61,000 area (green line), since shorts are being liquidated now, so the situation is not clear yet.
On the chart we have drawn an hourly trend, which is still quite weak, and its breakout gives a signal for a further downward move, until this happens I will watch.
Green portfolios to all)
