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BTC UPDATE
Many influencers feel the same but are very scared to post this. I think crypto market finally deserves some fresh air to breath.
- Indicators and oscillators are oversold
- Sales are gradually decreasing, while purchases are increasing (spot)
- Meanwhile, the crowd started opening shorts
- Huge profile volumes are spotted near $64,000 - $65,000 support
- Stocks are dumping, while crypto is staying strong
- Fear&Greed Index is 5 (meme argument but still)
As the result, I expect to see some local growth towards $72,000 resistance and probably even $76,000 (if the previous one is broken up) and then dump continuation.
SETUP INVALIDATION: Breakdown of the $64,000 support level. In this case we will go straight short down to $52,000 zone.
$BTC
{spot}(BTCUSDT)