$BTC local top at 64000$ is an extremely bad sign?
$BTC just got rejected from 64000$ and has fallen almost 10% in just 1 candle... Though it is early to establish any concrete decision but today and tomorrow are the most important days of this entire bull run since 15,000$ BTC.
THE REASON IS :
1) On monthly basis BTC has never closed above 61,400$ and tomorrow is the monthly closing
2) $57500 is 0.78 fib level and it is a very strong resistance on a weekly closing basis.
3) On liquidity maps there is no or very little liquidity above $64000 and market makers need liquidity which is only on the downside... mostly 54,000 and 50,000.
64,000$ top will make a triple top for BTC of all times and in the short to mid term that will be a very bearish sign and a very hard to conquer level for BTC
SO my dear friends we are at a significant point and today's closing and tomorrow's closing will decide whether 50,000$ or 110,000$ will come first.
TRADE SAFE TRADE SMART
DYOR
