DYANLE | Market Perspective
No one always wins. Only those who understand the timing.
Bitcoin just had a strong spike up to the 70,090 range and was immediately sold down to around 67.9k. This is a very clear reaction at the psychological resistance of 70k.
The 4H and 1H charts show:
• After a strong pump candle, there is a series of red candles correcting.
• The price is testing the short-term MA area again.
• Volume is gradually decreasing → the buying pressure is not as enthusiastic anymore.
Currently, the 67.5k–68k range is short-term support. If it holds, the price may sideways accumulate before testing 70k again.
Losing this range, there is a high chance of retesting 66k.
This is a phase of "excitement shakeout", not a confirmation of a new uptrend.
The market is not lacking in opportunities. The important thing is to enter at the right time, not to enter because of FOMO.
#Bitcoin #Crypto #DYANLE #MarketPerspective #Write2Earn
#creatorpadvn $BNB $BTC $BNB
No one always wins. Only those who understand the timing.
Bitcoin just had a strong spike up to the 70,090 range and was immediately sold down to around 67.9k. This is a very clear reaction at the psychological resistance of 70k.
The 4H and 1H charts show:
• After a strong pump candle, there is a series of red candles correcting.
• The price is testing the short-term MA area again.
• Volume is gradually decreasing → the buying pressure is not as enthusiastic anymore.
Currently, the 67.5k–68k range is short-term support. If it holds, the price may sideways accumulate before testing 70k again.
Losing this range, there is a high chance of retesting 66k.
This is a phase of "excitement shakeout", not a confirmation of a new uptrend.
The market is not lacking in opportunities. The important thing is to enter at the right time, not to enter because of FOMO.
#Bitcoin #Crypto #DYANLE #MarketPerspective #Write2Earn
#creatorpadvn $BNB $BTC $BNB