One more day on the land of #BTC e, still trying to build some support in the $65K region.
Buyers are still doing well, considering that TRUMP has spent the last 12 hours attacking Iran nonstop and the markets are panicking.
In 40 minutes (from this post), we will have Economic data in the USA, which should bring more movement to the charts. We hope something good comes out of there.
Anyway...
Bitcoin made the low around $57,800 and, since then, has not printed any new lows. The current price is already back above $65K, which is an important level for both sides.
Big buyers are already positioning just below the current prices, and it seems they’re not going anywhere—they will defend the support that has been established so far.
However, the liquidity structure above (especially the area near $68K) remains intact. When price holds a clear bottom and starts to regain intermediate levels with this kind of liquidity above, the path of least resistance tends to be upward, not downward.
Defending the $57.8k bottom plus the recovery up to here shows that selling pressure is finding absorption, and as soon as Trump slows down a bit with his madness, the market should RECOVER quickly. The problem is the pessimistic news that keeps coming.
The bottom is still being built. The coming weeks should bring more clarity.
Notice clearly that ALL the downward moves happen after a negative news item comes out about Iran... nobody here is trading news, but it’s impossible to deny that they are the crucial factor used by the BEARS.
Today’s daily close is of EXTREME Importance—stay tuned!
Buyers are still doing well, considering that TRUMP has spent the last 12 hours attacking Iran nonstop and the markets are panicking.
In 40 minutes (from this post), we will have Economic data in the USA, which should bring more movement to the charts. We hope something good comes out of there.
Anyway...
Bitcoin made the low around $57,800 and, since then, has not printed any new lows. The current price is already back above $65K, which is an important level for both sides.
Big buyers are already positioning just below the current prices, and it seems they’re not going anywhere—they will defend the support that has been established so far.
However, the liquidity structure above (especially the area near $68K) remains intact. When price holds a clear bottom and starts to regain intermediate levels with this kind of liquidity above, the path of least resistance tends to be upward, not downward.
Defending the $57.8k bottom plus the recovery up to here shows that selling pressure is finding absorption, and as soon as Trump slows down a bit with his madness, the market should RECOVER quickly. The problem is the pessimistic news that keeps coming.
The bottom is still being built. The coming weeks should bring more clarity.
Notice clearly that ALL the downward moves happen after a negative news item comes out about Iran... nobody here is trading news, but it’s impossible to deny that they are the crucial factor used by the BEARS.
Today’s daily close is of EXTREME Importance—stay tuned!
