Bitcoin - possible accumulation at 54000$ zone - Wyckoff

BINANCE:BTCUSDT   Bitcoin / TetherUS
55200 is the key level. To stay below it is rather a continuation of declines. I have a short now with 55100 - after the weekend we should definitely drop to 54000 ( cme gap). However, I think we have an accumulation of 54k and I expect a bottom exit to around 53k and a comeback. I even see the possibility of returning to the area of 64k . But now you have to watch the market closely because of this covid fud.

The current situation is dynamic, so be careful

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.