🔥 $BTC closed yesterday's candle quite badly right at the important resistance zone
Currently, there are two possible cases: moving sideways for a few days and then breaking out to the 67k-68k area or falling to the hard support area of 56k-57k.
According to chart analysis, you can clearly see that the case of going down is more likely, however in the last 2 days Bitcoin ETF funds are buying back hundreds of millions of dollars and if in the coming days If we keep maintaining this speed, almost all the selling force will be absorbed, so it is unlikely that BTC will fall deeply. We need to pay more attention in the next few days to see if Tether will mint more money?
Especially in times like this, when the market is quite unpredictable, it's best to limit long/short trading. Otherwise, when the uptrend season comes, your account will still be in trouble😅
Personally, I am currently sitting still and observing the market to see how it will go. I have already invested most of my capital, so if the worst case is that BTC drops deeply, I will buy the rest of the stock 🚀
