BTC sneezes ....market goes trumbling down . imagine what w | Eden Tates Azlan on Binance Square

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Eden Tates Azlan

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BTC sneezes ....market goes trumbling down .
imagine what would happen if btc goes to 60k retest .
tread carefully .

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BTC Near 67k and market is engulfed in Red !! what is happenning ? Major meme and Alts are currently going down to price limits where they were when BTC was hovering between 62 64k . 2 possible reasons 1) Retail and Mid traders who are usually life line of Meme and Alts are still not realy trusting the market bulls . 2) Some Big instititions is Buying Just BTC ,while the rest of market is not realy getting into that vibe . Retailers and Mid level traders have been Hurt too many times i guess . True bull will only begin when BTC croses 73k mark and stays up making 73k a Support rather then Resistance . More volality of be expected in coming days . for ref check prices of Floki , Bonk , Pepe , Sol and most major of them all ETH.

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BTC just did a spectacular Liq sweep for shorts at 68k , and now back down expecting a bit more correction , watch for 64800 64200 63000 supports . Avoid taking any position till support and resistance is established . Stay safes more pumps and dumps expected.

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Next 4 to 6hrs will be very Exciting and volatile ,As US market open in around couple of Hours , will they push the market further up of take profits and start selling last week bags . Be vary as market stands on make or break point BTC standing on tough resistance of 65k, break above from here can see market going postive for couple of days next major resistance being 66600 and 68200 . for trade look for coins that havent already pumped yet. floki and Bonk being major ones still below the normal market place . Stay safe dont fall for FOMO and FUD .

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Why is BTC crashing . Because US stock market is crashing . Now that Us investment Institutions have become major players in Crypto . Crypto is no longer safe from real market conditions . Let see is it another long wait or another buying oppertunity for those who missed the last pump.

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Market Retraction dont necessry mean change of trend , it means providing new oppertunity for fresh buyers . A simple trick that rarely fails in future trade is buy at support sell at resistance .

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