$BTC Update 🎯
When I published this short analysis, I was referring to the market movement that may happen in BTC in the very near future. It may happen in couples of hours.
Let's look at the 1st picture. The pink "sponge pad" 57650 price zone is very powerful. It has blocked three consecutive declines in the recent period (I marked them with red Xs one by one). BTC was concerned about this price range,which near 57650 for this moment.
In the 2nd picture, let's look at two possibilities.
If BTC falls, it will be a little afraid of this position B.
At the time I look at the chart, BTC has an upward trend. It is very likely to re-touch the high point A not long ago, which is around 61,300 US dollars. let's see where it end up.
So, I wish you all happy trading.🎯
