The trading data of the past week shows that investors are risk-averse in the long term and very cautious in the short term. For this reason, there is a higher chance of selling positions in Bitcoin.
Currently, the price is approaching the demand area, but you should not rush to buy because there are many demand areas on the way, behind each of which there is a stop loss, so there is a possibility of a deeper price drop for stop hunting. Before buying, we must receive a reliable confirmation.
This week, important information will be published, that's why I think we will have a range and then a move to the ceiling of the channel. If the data of Wednesday and Thursday are in favor of the dollar index, gold cannot break the ceiling of the channel and will go down, even it has the possibility of breaking the bottom of the channel. What do you think?
