$BTC UPDATE
The price has dumped recently because of the Clarity Act related news (posted above).
However, it is too early to write #Bitcoin off. It is now located inside the thick layer of supports (marked on the chart). The lower it goes — the bigger the demand.
The best analogy I can give is a jelly cake. The harder you press on it, the harder it bounces back. (probably the first analogy that came to mind because it’s my birthday today).
❌ In fact, there are two strong triggers to buy:
1) Strong bounce from the $74,500 - $75,500 area.
2) Breakthrough of the $79,500 resistance.
As long as the support holds the price, there is no reason to sell.
The price has dumped recently because of the Clarity Act related news (posted above).
However, it is too early to write #Bitcoin off. It is now located inside the thick layer of supports (marked on the chart). The lower it goes — the bigger the demand.
The best analogy I can give is a jelly cake. The harder you press on it, the harder it bounces back. (probably the first analogy that came to mind because it’s my birthday today).
❌ In fact, there are two strong triggers to buy:
1) Strong bounce from the $74,500 - $75,500 area.
2) Breakthrough of the $79,500 resistance.
As long as the support holds the price, there is no reason to sell.
