#BTCUSDT analysis
xM : Mountly liquidity 74,550
I see that #Bitcoin is still in a downtrend, and any upward move at this stage is just a correction before continuing the decline.
The question now is: how far can it go?
In my opinion, I think Bitcoin will break below 74,500, which represents monthly timeframe liquidity, as shown in the chart.
I also expect it to reach around 71,000.
Between 70,000 and 60,000, we could potentially see the start of a new bullish move.
⚠️🚨This is not financial advice.