📉BTC CONTINUES TO DECLINE 📉
📉BTC CONTINUES TO DECLINE 📉
🔰Over the past 24 hours, Bitcoin has shown a decrease of -12% at its peak. Long liquidations amounted to over 1 billion dollars, and it seems like this is not the end yet, so it might be wise to hold off on long positions for now.
💰Based on spot market quotes, I anticipate stop losses being taken out below the $28,400 level and possibly $23,900.
🚀The nearest major support zones are $23,700-$24,200 and $22,100-$22,500. That's where I'll be considering entry opportunities for long positions.
🔰Over the past 24 hours, Bitcoin has shown a decrease of -12% at its peak. Long liquidations amounted to over 1 billion dollars, and it seems like this is not the end yet, so it might be wise to hold off on long positions for now.
💰Based on spot market quotes, I anticipate stop losses being taken out below the $28,400 level and possibly $23,900.
🚀The nearest major support zones are $23,700-$24,200 and $22,100-$22,500. That's where I'll be considering entry opportunities for long positions.
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