Ranting on bitcoin as Monday becomes bearish
I have been running around for someday and haven't gotten chance to take a look at the chart but today I finally got the time to do that.
Things here with the 4-hour closing candle are not looking good, as for the last two weeks, we haven't closed any 4-hour candle below the 50EMA. BTC is approaching a liquidity and support area, but for now, it's looking heavy. A close below the 27620 level will most likely lead to further downside.
We will see how New York (NY) will react, when liquidity is low and the recent moves were primarily driven by leverage, we might not witness a quick reversal as its the market makers manipulating the market to hit liquidation points.
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Thanks for stopping by my post, will be sharing another content soon.
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