BTC WILL GO DOWN SOON
Hello everyone, it's me O0OMouseO0O here!
Today is not a very bright day, is it?
BTC closed at 61k937, approaching the strongest support level at 60k.
Negative news keeps coming out to justify the decline in BTC price.
Do you know why BTC always drops first and then news comes out to explain it?
If relying solely on technical analysis, there will be a slight recovery to around 65k today and retest the support once again.
But in my opinion, based on previous data on price action as well as the movement direction of whales, today there is likely to be a pullback of about 4k to the 59k level before bouncing back to 64k2 or near 65k, and the candle will close at 62k3.
Don't ask me what basis I have to say this (synthesizing news and BTC price is not entirely about looking at the chart because if only relying on chart analysis, today BTC is likely to have a slight rebound but a long wick).
Personally, I lean towards a long wick scenario.
