We are seeing a day with the same characteristics as yesterday, the #BTC continues on the lateral channel that has already been working (below $70K).

Despite the Economic data not coming "good", the market basically ignored it, as the focus here still seems to be the situation around Iran. Let's see if we reach an agreement in the coming weeks.

The Bears continue their arrogant actions, with some large SHORT orders at $69K, notice that as the price remains below $70K, more and more leveraged SELLERS lower their orders to near the current prices, the right recipe for getting trapped and then liquidated with a small rise.

The large SPOT buyers are interested in these prices, but these are Kings and do not care.

The leveraged traders make grotesque mistakes at this point in particular, as the scenario being formed becomes evident: The price takes time to move, so both sides increase their bets, both sides also get closer liquidation prices, then a SMALL movement shortly after liquidates the side that has more liquidity and the interesting thing is that the price WILL NOT change the structure, since the leveraged traders themselves left their liquidations within the fluctuation zone.

I don’t understand what difficulty exists in just tracing the lateral channel and trading its extremes. 😒🙄

The Spot BUYERS are the Kings here, but if you are leveraged... then the direction doesn’t matter, you must KNOW how to move or you will lose, even if you are right in the direction.

During the next few hours, the market should react more positively, but we still need a resolution to this situation with Iran, as it seems we are on the brink of things, and an action or agreement should come out.

We need to recover the $68.3K TODAY.