With markets being greedy and prices being overbought, we are not seeing much bullish movement here (at least not for long). We are still seeing signs of turnover; the only question is, when?
As the surge of the 40K zone is increasing and it is acting almost like a magnet, there is a chance of having a shorts squeeze near this zone, but as soon as we reach it, we are seeing a really nice drop to come after that.
Swallow Team
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BTC is showing us a sharp movement to lower zones upon closing the weekly candle, trying to not let price secure above 38K zone
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Breaking this resistance and 100EMA is mandatory for further downward movement