👀👀👀Market Insight👀👀👀
🍀🍀Read carefully before you scroll🍀🍀
$BTC fell from 81.5K to 77-77.5K which took the market with it. Altcoins also fell even more. Now BTC has consolidated around 77.5k with immediate support at 77K, stronger support at 76K and then at 73-74K. Similarly initial resistance is at 78K, then 79K and then 81.5K. the long/short ratio is 47/53. A clear move upward or downward from here will decide yhe fate of the market.
It's important to look at the liquidatin heat map. A big chunk of longs have been liquidated yesterday and the next big cluster is placed around 74K. On the other hand with the dump Shorts have entered abd a large chunk is around 79K.smart money always go for a liquidity squeeze. Watch carefully for the next move.
if the prices increase $FARTCOIN and $XRP are expected to outperform the market and both are vulnerable to a dump as well.
Wait before the next confirmation which will be BTC moving up to 78K or breaking down under 77k.
Save your money.
My instinct is that price will rise and then dump
🍀🍀Read carefully before you scroll🍀🍀
$BTC fell from 81.5K to 77-77.5K which took the market with it. Altcoins also fell even more. Now BTC has consolidated around 77.5k with immediate support at 77K, stronger support at 76K and then at 73-74K. Similarly initial resistance is at 78K, then 79K and then 81.5K. the long/short ratio is 47/53. A clear move upward or downward from here will decide yhe fate of the market.
It's important to look at the liquidatin heat map. A big chunk of longs have been liquidated yesterday and the next big cluster is placed around 74K. On the other hand with the dump Shorts have entered abd a large chunk is around 79K.smart money always go for a liquidity squeeze. Watch carefully for the next move.
if the prices increase $FARTCOIN and $XRP are expected to outperform the market and both are vulnerable to a dump as well.
Wait before the next confirmation which will be BTC moving up to 78K or breaking down under 77k.
Save your money.
My instinct is that price will rise and then dump