Bitcoin is in a strong short trend. No purchases can be made in the long term or as an investment until the trend reverses. Catching the bottom is pointless. For each bottom, the next bottom will be waiting for you.
At the moment, Bitcoin is in a fairly narrow channel, volatility is decreasing, volumes are falling, there is no buyer in the market. This channel is often called knives. There is a struggle between the buyer and the seller. You can't enter a deal under the knives, you have to wait for the winner.
There is a squeeze to the lower part of the channel border and a downward breakdown is possible. Upon breakout, you can buy at levels 22,000 and 25,000, Take on retest at level 30,000.
At the moment, Bitcoin is in a fairly narrow channel, volatility is decreasing, volumes are falling, there is no buyer in the market. This channel is often called knives. There is a struggle between the buyer and the seller. You can't enter a deal under the knives, you have to wait for the winner.
There is a squeeze to the lower part of the channel border and a downward breakdown is possible. Upon breakout, you can buy at levels 22,000 and 25,000, Take on retest at level 30,000.
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