6.4 Morning Market Overview: BTC keeps dropping with no signs of a rebound.
BTC closed this morning with a solid bearish candle, marking four consecutive daily downs. With both highs and lows continuing to lower, going short is inevitable. Stick to the trend.
If BTC doesn't reclaim above 6.3 by the end of the 4H candle at 12, it will likely hover around 6.3 during the day session, and after the U.S. stock market opens, it will likely continue its downward trajectory. You'll be seeing BTC starting with a 5.
BTC has broken below 6.3, marking the largest drop in nearly three months, while BTC's market dominance has fallen to 57.3%.
Liquidity in the crypto market is scarce, and speculators are dipping into U.S. stocks to get a piece of the pie; don't end up trying to steal a chicken and losing your rice!
In this sluggish market, it's crucial to hold onto your funds tightly. Avoid reckless investing; if you keep your hands off and stay in cash, you'll outperform half the crowd.
As of now, 201,315 traders have been liquidated in the past 24 hours, with a staggering amount of $1.35 billion—$1.17 billion long positions and $172 million short positions.
Yesterday, BTC spot ETFs continued to see net outflows, marking ten consecutive working days of outflows.
Friends passing by, please give a like and follow, your support means the world to me! The above information is for market analysis only and should not be taken as trading advice;
Follow me to stay on track for daily updates, insights, and analysis, plus the wealth codes you want. Remember to like and follow $BTC
BTC closed this morning with a solid bearish candle, marking four consecutive daily downs. With both highs and lows continuing to lower, going short is inevitable. Stick to the trend.
If BTC doesn't reclaim above 6.3 by the end of the 4H candle at 12, it will likely hover around 6.3 during the day session, and after the U.S. stock market opens, it will likely continue its downward trajectory. You'll be seeing BTC starting with a 5.
BTC has broken below 6.3, marking the largest drop in nearly three months, while BTC's market dominance has fallen to 57.3%.
Liquidity in the crypto market is scarce, and speculators are dipping into U.S. stocks to get a piece of the pie; don't end up trying to steal a chicken and losing your rice!
In this sluggish market, it's crucial to hold onto your funds tightly. Avoid reckless investing; if you keep your hands off and stay in cash, you'll outperform half the crowd.
As of now, 201,315 traders have been liquidated in the past 24 hours, with a staggering amount of $1.35 billion—$1.17 billion long positions and $172 million short positions.
Yesterday, BTC spot ETFs continued to see net outflows, marking ten consecutive working days of outflows.
Friends passing by, please give a like and follow, your support means the world to me! The above information is for market analysis only and should not be taken as trading advice;
Follow me to stay on track for daily updates, insights, and analysis, plus the wealth codes you want. Remember to like and follow $BTC