TradeCoinVN_Official
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Is it just ""Liquidation"" ?!
Last night, $BTC unexpectedly experienced a shocking drop of about 4%, causing the opening price this morning to only reach $107,318.
Over 600 million USD has been liquidated in the past 24 hours. However, on the other hand, this drop shows a positive aspect.
During the period when Bitcoin rose from $74,600 until now, yesterday's drop can be seen as the most clear and strongest correction candle. Correction is necessary to create upward momentum.
Yesterday, the lowest price of Bitcoin reached $106,800, still above the strong resistance/support area, indicating that the market has not broken the upward trend. It is hoped that $BTC can return to the $110,000 - $111,000 range this weekend, and continue to reach ATH in this May.
#TradeCoinVN_Official #Binance #MarketPullBack
Last night, $BTC unexpectedly experienced a shocking drop of about 4%, causing the opening price this morning to only reach $107,318.
Over 600 million USD has been liquidated in the past 24 hours. However, on the other hand, this drop shows a positive aspect.
During the period when Bitcoin rose from $74,600 until now, yesterday's drop can be seen as the most clear and strongest correction candle. Correction is necessary to create upward momentum.
Yesterday, the lowest price of Bitcoin reached $106,800, still above the strong resistance/support area, indicating that the market has not broken the upward trend. It is hoped that $BTC can return to the $110,000 - $111,000 range this weekend, and continue to reach ATH in this May.
#TradeCoinVN_Official #Binance #MarketPullBack
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