Bitcoin (BTC): Sellers Are Showing Dominance

Bitcoin has been killing it with volatility on the market.

After reaching our target of 92K, where the price bounced back up to fill the CME gap, we have seen ever since the dominance from sellers again.

We think that we have not yet formed the monthly low zone so we will definitely re-test at least one more time the zone 92K so we keep our attention there.

Now there is also another possibility of again re-testing the zone of CME, where we are not going to rush into decisions and will trade accordingly to what we will see near that CME!

Liquidation is now a regular thing if you use high leverage, so if you've been using it, DON'T.

Swallow Team

Disclaimer