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CRYPTO MECHANIC
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Bought a big bag here under $83k
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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BTC
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-10.20%
5.8k
0
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CRYPTO MECHANIC
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They Liquidated $1B in just 5 minutes.
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Ethereum is back at the zone where the whole move started.
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V shape recoveries are rare after such a brutal drop. Weeks of downside. The market may take days or even weeks to recover.
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I think $BTC is in process of setting up a bottom here. Short term or long term we will see that later. The whole move down from $116k to $90k was a slow bleed. This looks more like a capitulation. I could be wrong but based on my experience this is how market usually Bottoms.
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If i was trading Bitcoin i actually bought almost every Lower timeframe temporary lows. Lol But These buys are part of my positional trading.
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Bitcoin's Recovery May Be Delayed Amid Weak Market Conditions
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