Good morning friends☀️

#Bitcoinhas fallen back to the $59,000 support. They took advantage of the market's lack of volume and pulled the price down from the futures.

There is no serious selling pressure on the spot side. Coinbase is still buying and has not made any sales.

When we look at the futures side, we see that the real sales come from the futures.

During periods when the market is low, they can drag the price in the direction they want from the futures with small amounts.

Despite the decline, the $59,000 support has not been broken yet and as long as there is no closing below $58k, the support will continue to be maintained.

Therefore, as long as we do not see a daily closing below $58k, the current outlook will continue to remain positive.

On the global side, the data is generally positive, liquidity is increasing and interest rate cuts are expected.

Expectations for interest rate cuts, liquidity increase and a transition to monetary expansion indicate that expectations are positive on the global side.

Don't forget to examine the graph below to understand what happens when the global money supply increases. When you examine the chart, you will see that liquidity increases bring about an increase.

While the global side is so positive for the first time in 2 years, I think these declines are just manipulation.

If a closing occurs below $58k, of course it would be logical to increase the cash amount, but as long as a closing occurs below $58k, we can say that the outlook is positive for now.

I will update instantly when there is a change in the data, my friends.

I wish everyone a nice day and plenty of earnings.