BTC Market Update: Bullish Rebound Potential on 27/05/2024
Good morning, the candle close on the 26th has the potential to drive BTC down further, but today's candle on Monday the 27th looks quite bullish. If tomorrow's candle can close fully covering the body of the 26th candle, it could increase the chances of reclaiming the 70893 area.
The Fear and Greed Index this morning is still in the greed status, indicating there's still a chance for market makers to push it down to fear status with the aim of shaking out retail investors first. However, as always, the market is dynamic and anything can happen.
"Hope for the best and prepare for the worst."
Keep in mind to stay safe and always trade like a robot without emotion. That's it for today's crypto update.
I'm Akki, signing off with one chart.
The Fear and Greed Index this morning is still in the greed status, indicating there's still a chance for market makers to push it down to fear status with the aim of shaking out retail investors first. However, as always, the market is dynamic and anything can happen.
"Hope for the best and prepare for the worst."
Keep in mind to stay safe and always trade like a robot without emotion. That's it for today's crypto update.
I'm Akki, signing off with one chart.
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