$BTC seeks 90k on Sunday
Whenever the market has bad news, like this week's (if you don't know what I'm talking about, I've already started off wrong, if you don't follow macroeconomics you're a blind man in a gunfight) we see the same phenomenon.
BTC falling triggers stop loss for the people who make that huge red candle.
In view of the suddenly discounted value, investors, who are already familiar with the phenomenon, start buying when they see the bottom hit.
Result? Euphoria, BTC rises quickly.
What people think: it recovered, the danger has passed, the news didn't impact, now it's going to rise.
Don't be fooled, the market doesn't work like that. Those who invest strategically know all these movements and dynamics. They're waiting for the optimists to start trusting again and putting their money in so that, when they reach the peak of liquidity, they can dump the cheap BTC they bought when the bad news came out, on YOUR HEAD!
Don't fall for it, BTC has already made the two predicted movements, maximum fall and maximum peak, now it will move sideways and plummet over the weekend.
Next week we will see a drop in everything, especially altcoins. Be careful and set stop
loss.