#BTC again made a good attempt at breaking the orange band on the chart, but this region has been terribly strong and it seems to me that every time we are in it, there is some bad news to come out and throw us down again.
The CPI data today was good, and don't come to me with this idea that this is what made us fall. The data was good and it opens the door for the#FEDto cut INTEREST RATES at the next meeting. We all know that this is the FED's time, either they cut or they send everything to hell.
I think the fall here is related to the fact that everyone is apprehensive waiting for Iran to attack Israel within the next 24 hours (since the fall was very close to the statement released by Iran today). I try to never get involved in things related to any war between peoples whose history I do not know deeply, but this war with Israel is constantly pulling us down, it seems like an anchor on our feet, that does not let us rise!
We are below USD 59,600, and this is a problem for the BULLS who need to recover this price by the end of the day, and this is the problem, any attack by Iran, should be close to today's daily close, that is, it can make things even worse.
I still think we're doing well, you see everything is lining up for us to have a good jump here and if it weren't for this Iran issue, then we would have already jumped today towards $65K.
I think USD 57K will be a suitable support here, and will take us higher again, and if we have bigger problems, then USD 53K should be the support that will hold us.
Last week I said that I still didn't see any movement that would signal that we were close to going up, since I wasn't seeing the price chasing both sides, but that's what we've been trying to do now, in the last few days. So, I think we're close to definitely going up to a new ATH and BTC cooling down for ALTS to lead.
Large BUY orders have been activated at USD 60K, and they are unlikely to be negative for long, not at this size.
The big BUYERS are still going USD 55K, but it is still not very significant... the big movement here is from the SPOT BUYERS, they are the ones doing all the work.
Interestingly, the big SELLERS left USD 65K and went to USD 66K, IT SEEMS TO ME that they are not confident in holding prices below USD 61K for long!
I remain OPTIMISTIC!
DO NOT SELL YOUR COINS NOW