Legend0
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Let me give you a simple example of how the market is controlled,
Normally, if the 11:00 AM 4H (4-hour) close was below $89,256.69, $BTC would have entered a bearish trend, but just minutes before, it closed above (I marked it on the second chart, which is the 15-minute chart).
Later, a new low was moved to $88,200.00; if it had closed below, the same thing would have happened, but again it closed above just minutes before...
And the 7:00 PM close was $86,888.10, again it closed above just minutes before...
So far, the aim here seems to be liquidity, as I mentioned in the morning...
The new low level is $86,050.99; if it doesn't close below this at 11:00 PM, even if it doesn't look like it right now, the market structure is bullish. So a quick recovery before the day ends is possible... Let's watch...
At the same time, ETH and SOL are looking strong; altcoins have dropped about 15% compared to yesterday. Why? Because the two major projects had already reached what we could call bottoms before BTC...
Dominance has also started to slip...
In short, although the current picture looks bearish, the overall framework is bullish. I will update if anything extra happens.
#BinanceLaunchpoolRED
#TraderProfile
#SBF1stTweetIn2Yrs
#MarketPullback
Normally, if the 11:00 AM 4H (4-hour) close was below $89,256.69, $BTC would have entered a bearish trend, but just minutes before, it closed above (I marked it on the second chart, which is the 15-minute chart).
Later, a new low was moved to $88,200.00; if it had closed below, the same thing would have happened, but again it closed above just minutes before...
And the 7:00 PM close was $86,888.10, again it closed above just minutes before...
So far, the aim here seems to be liquidity, as I mentioned in the morning...
The new low level is $86,050.99; if it doesn't close below this at 11:00 PM, even if it doesn't look like it right now, the market structure is bullish. So a quick recovery before the day ends is possible... Let's watch...
At the same time, ETH and SOL are looking strong; altcoins have dropped about 15% compared to yesterday. Why? Because the two major projects had already reached what we could call bottoms before BTC...
Dominance has also started to slip...
In short, although the current picture looks bearish, the overall framework is bullish. I will update if anything extra happens.
#BinanceLaunchpoolRED
#TraderProfile
#SBF1stTweetIn2Yrs
#MarketPullback
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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