An updated look at bitcoin.
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#XBT #Bitmex
Medium-term decline in bitcoin and a breakdown of the psychological mark of $ 9,000. Over the past couple of weeks, we have formed a decent amount of strong support levels in the region of $ 9000-9500. Everyone who trades globally and medium-term holds such good stops in this area, and already these stops can simply provoke an almost vertical collapse by inertia and I see the level of $ 8500-8300 as the main sane stop.
From the point of view of the fundamental. The news about Bakkt was local in nature, and in general about futures and ETFs, I wrote for a long time that their liquidity and meaningfulness for the market is a very big question.
Locally, it is possible to grow a little more to $ 10500-10700, but the overall mood remains negative.
Medium-term decline in bitcoin and a breakdown of the psychological mark of $ 9,000. Over the past couple of weeks, we have formed a decent amount of strong support levels in the region of $ 9000-9500. Everyone who trades globally and medium-term holds such good stops in this area, and already these stops can simply provoke an almost vertical collapse by inertia and I see the level of $ 8500-8300 as the main sane stop.
From the point of view of the fundamental. The news about Bakkt was local in nature, and in general about futures and ETFs, I wrote for a long time that their liquidity and meaningfulness for the market is a very big question.
Locally, it is possible to grow a little more to $ 10500-10700, but the overall mood remains negative.
Trade closed: target reached
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