Bitcoin touches the 88,500 areas as we discussed, my brothers, four days ago that stability above the 85,000 areas gives it the momentum to rise to the 89,000 areas, but it visited 88,500 and the visit was very quick, which is why the futures contracts got burned that we talked about. It was a zone to withdraw liquidity from people betting on the drop. What matters now is what is coming next.
Bitcoin's momentum from this range of 85 to 87 thousand must be strong and clear to confirm its positivity for rising to the 92,000 areas. If it touches 85,000 and there isn't a strong reaction, we are on our way to 80,000 again, then 74,000 and then 72,000. We must monitor the momentum at each support area to know the direction. For example, we are currently at the 87 to 85 thousand areas. These areas should be enough to push it to the 92,000 areas. If it fails, this is bad. Be cautious, my brothers, for every small drop in Bitcoin is met with a lot of blood in alternative coins. Be wise in your decisions and follow the news during this period as it is very important. Technical analysis is of no value with the news lately, whether it is bad or good. So do not invest all your capital and always wait for your opportunity, as the market often revisits its breakout areas to withdraw liquidity. Be confident that the market needs you, not that you need the market 😉. The biggest proof was today.
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