Some thoughts about incoming moves of BTC and ETH based on data.

As we witnessed an anticipated drop and level breakdown discussed in earlier posts. Market structure has broken down at 62.5k $ 62k strong support levels and now that supports have become strong resistance for BTC and other alts.

Money flow is getting weaker and weaker and looking at the PA and swift but short upward spike is expected to trap investors along with to take out late or high leveraged shorts in order to grab the exit liquidity. Liquidity chart on 12H still showing downside liquidity instead of upside liquidity so a move to levels of 59k and 57-56.5k can not and should be ruled out despite a short rally to trap and liquidate late shorts for BTC and alts. It is in safer interest of investors and traders to avoid risk as general direction of market will be clear only after restoring the market imbalance at levels of 57k/56.6k and that my friends is a good buying opportunity for both BTC and alts as after few months of range bound sideways movement an upward move can be anticipated to levels above 72-73k making an ATH. Before the restoration of market imbalance it is useless to think such an upward move. If you are really tempted to ride this move of uncertainty and ups and downs leverage at all cost should be avoided and buy on weakness and sell on strength should be advised strategy with strict stop loss even on spot bags as in event of capitulation which can happen, price can drop down to much lower levels of 52k-50k as around 6 billion dollars of liquidity is below or around this level. Learn to cut your losses quick as a loss of 5$ would not take much long to become 50$ or even 500$. Remember capital is the only thing keeping you in this market making you any profit. Preserve your capital from unnecessary risks. Sometimes no trade is a good trade !! Stay cautious and wait and watch.. better grab pop corns and spend some time away from market and spend with family and friends, wish you luck 🍀

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