Many brothers are asking why I chose SHORT #BTC in this area.
I look at 3 main factors:
• The price was recently strongly rejected at the 72K area
• EMA(7) has crossed down EMA(25) → a sign of short-term reversal
• The buying volume is gradually weakening after the pump up to 74K
The market currently shows signs of a pullback to take liquidity below.
If BTC continues to hold below the 69K area, it is highly likely to test back the 66K – 65K area.
Just be patient, the crypto market always runs after liquidity$BTC
I look at 3 main factors:
• The price was recently strongly rejected at the 72K area
• EMA(7) has crossed down EMA(25) → a sign of short-term reversal
• The buying volume is gradually weakening after the pump up to 74K
The market currently shows signs of a pullback to take liquidity below.
If BTC continues to hold below the 69K area, it is highly likely to test back the 66K – 65K area.
Just be patient, the crypto market always runs after liquidity$BTC