67182633887Updated 4/6
- After seeing a slight increase and recovery on 4/4, it dropped back down to $81,700, pushing up to get liquidity and touching its downward trendline.
The strong liquidity zone is around the 80xxx range, so I believe that in the next period, the market will feel discouraged around the 7x range to clear out LONG positions; if strong, it could easily drop deeper into the 6x range.
Don't fomo long while the wave is still following the downward price trend in this short term; the market is really in a downtrend. Over the past 4 years, very few coins have been pumped, so at this point, BTC still has to adjust significantly.