🔥 Quick BTC Update 🔥
Bitcoin continues to show weakness, with clear acceptance below the Monday Low ($51,680.) Multiple 4 hour candles have tried to reclaim this level but each one has failed. $50.8k is holding as support, and has given good reactions so far, but the question is how much longer will this hold.
If btc does not bounce from here then the red box in the first picture (49,500$-50,200$) will go to this area. Then bounce back. In every market update, I say that there is nothing to panic, the market will not go down in a big way.
Bitcoin short term outlook still the same for me. 4H chart with liquidity pockets.Shorts liquidation around 52.2K 🥳 if btc pump from here then our next target 53k area.
So Don't panic sell btc still bullish...accumulated by good atls. be patience.
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