Where did the buyers go? #BTC

The market situation changed from positive to negative too quickly. There were no expectations that the situation with Israel and Iran could trigger the market to such weakness.

There were expectations that, on the contrary, these events would lead to a large number of shorts entering the market, and then their stops would ride above 70k. Since the same pattern, as a rule, rarely works out twice. But we see complete weakness in the moment, and Bitcoin is already in the 60k support zone.

There is 0 reaction and 0 volume for buying out so far. The Chinese have also started selling USDT en masse in favor of the yuan in order to invest in local stocks and ride their rally in honor of the start of economic stimulation.

By the way, this is also an important point that can affect market liquidity. Perhaps, this is why volumes have decreased on most charts recently.

There are 2 key supports - 60k and 58k. Perhaps a move below 58-57k will cause panic and a price drop to the 50k area. Let's watch the bitcoin.