#BTC continues to close below the red line on the chart ($52,160). It looks like things will calm down from here, so we will first go back to the $50,000 level and then test that area and then get some good feedback from the bulls or the bears there.
Things have barely changed at all, so I don't have much to say about Bitcoin. Some large sell orders are placed starting from the current price up to 56,000 USD and large buy orders are created at 50,000 USD, however I do not think that these large orders are real, as the price is very close to them, and it is also obviously very risky. For these large orders to be so close to the price, it is as if we go downhill from here, we have a long way to go to reach $40k again and it has been in the red for a long time (or will be liquidated).
SPOT# no longer raises the price here, which is a clear risk for PERP# because they cannot sustain the higher price on their own. If your#SPOTseems to have no more breathing room!
We can see that money is already starting to leave here and go into some #ALTCOINS, which are already making good jumps, but we do not rule out some attempts to look for quick liquidity here.
I'm still waiting for the price to reach the EMAS 100/200 (4H), but it looks like it will be a slow trajectory there.
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