I want to share with you the truth about trading, which «gurus» prefer to keep a secret.
Guys, do you know that nobody knows how the market will move and where the price reverse?
That’s all)
Okay, if you need more details, please read my arguments.
1. Every market is a very complicated «system». There are many different traders, investors, trading bots and all of them have their own goals and ideas how the market should move. Don’t forget about manipulators with their goals and res
The bearish candle confirms the strength of sellers. It means that we should be ready to see a downward movement from the $1789 resistance to the $1663 support.
If buyers can keep the price above the support, I would wait for bullish signals and go long.
My point is, the higher interest rates = higher pressure on the banking system. The SVB story showed how such risks motivate people invest money into Bitcoin.
So, if BTC stays above the $26k-25k support, we may see the continuation of the rally.