In recent days, #Bitcoin has essentially continued its slow decline. When buyers attempted to break through the major limit resistance level at $60,000 - $61,000, sellers increased the pressure with market orders and in a few hours lowered the price to the initial growth point.
Sellers continue to control the market, allowing buyers to raise the price only in order to sell at a higher price, and when the price falls, they stop selling, and the price stops falling. Buyers do not show themselves in any way when the price falls - there are no large traded volumes on the falls.
The #altcoin market continues its decline following Bitcoin. Dominance has been consistently above 57% for the last week. In such a market situation, either gradually add altcoins to your investment portfolio or trade scalp deals on #futures . Which is what I do.
If you look at the market globally, it is interesting that there are no panic sell-offs on falls, as was the case at the end of 2021 - beginning of 2022, this suggests that large capital, which entered at the beginning of this year 👆, is accumulating Bitcoin in its portfolios, and sellers also do not want a price collapse - they want to sell at a higher price.
Sellers continue to control the market, allowing buyers to raise the price only in order to sell at a higher price, and when the price falls, they stop selling, and the price stops falling. Buyers do not show themselves in any way when the price falls - there are no large traded volumes on the falls.
The #altcoin market continues its decline following Bitcoin. Dominance has been consistently above 57% for the last week. In such a market situation, either gradually add altcoins to your investment portfolio or trade scalp deals on #futures . Which is what I do.
If you look at the market globally, it is interesting that there are no panic sell-offs on falls, as was the case at the end of 2021 - beginning of 2022, this suggests that large capital, which entered at the beginning of this year 👆, is accumulating Bitcoin in its portfolios, and sellers also do not want a price collapse - they want to sell at a higher price.
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BTC
96,546.8
-0.25%