#BTC UPDATE
i personally expect it to retrace till 30800
but many people are in FOMO they think like bitcoin will go to 69k if they dont buy now. . .
trust me guys these people are trading upward on 5% chances market dont work like that . . .
in the picture i drew some level. . .
do not give in to fomo . . . .
if #bitcoin wants to go UP
1st it needs to break the level
2nd it needs to make holdings at that level for few days . . . then it need to break the channel of holdings
only then you can buy for long
if it wants to go down it will simply take rejection from here and dump in next few days
my personal opinion is (i could be wrong)
it is just generating buy side liquidity in the current level so the big players can sell it dump it
as you know to sell big amount they need enough buyers. . . .
but currently i am neutral . . . . .
market is trapping seller coz it is demanding buyers . . . . but to buy right now will be giving in to fomo!
