Bitcoin will fall deeper? / Liquidity and Bears Targets / H1
Following the release of the US unemployment rate, which was better than expected,
the dollar index strengthened and this caused the price of bitcoin to fall.
We have a lot of selling pressure right now and also strong legs usually has 2nd leg.
If you have seen the Bitcoin chart, it has many stop hunts.
I also expect the bears to try again to activate the stops and then buy the activated stops.
It's not good to buy bitcoin below the bear trendline.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
the dollar index strengthened and this caused the price of bitcoin to fall.
We have a lot of selling pressure right now and also strong legs usually has 2nd leg.
If you have seen the Bitcoin chart, it has many stop hunts.
I also expect the bears to try again to activate the stops and then buy the activated stops.
It's not good to buy bitcoin below the bear trendline.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Wait a few hours to hear a lot of news about the liquidation of the trading friends they had long positions😂👌🏻