Update ANALYSIS #BTC 27/02 | 11:09
We still do not have the CLOSURE, and the averages of 25 and 99 periods continue to indicate weakness, suggesting that the medium-term trend remains DOWN. This shows that the market is still under selling pressure, with no clear signs of CLOSURE of this movement.
Our OBV remains negative at -3,786,889.13, which further reinforces the presence of strong selling pressure. And to add to that, another liquidation in the purchase of $380 million, that cherry on top, right?! ⚠️
Support: 82.2 | 78.6
Resistance: 87.9 | 89.4
‼️ There is no confirmation of a bottom. Remember: If the market does not show signs of buying strength (increased volume, divergence in the RSI, breaking important resistances), there is still a chance of further declines.
And I will repeat: yes, we are already in a buying region for BTC and altcoins, BUT we still do not have a CLOSURE that confirms the end of this DOWN movement. And new liquidations keep coming in. IN OTHER WORDS, the market can very well pull new declines.
Here comes the "chosen one" every time with the same question: CAN I ENTER?! Hahaha
The market is sending a DOWN signal, the sharks are on the hunt, are you sure you want to go through tough times?! It's up to you!
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#BTCDipOrRebound #BinanceAlphaAlerttrend #binancealpha #SaylorBTCPurchase