#BTCUSDT
Bitcoin has been stagnant over the weekend, with no volatility at all, and the trading volumes are low too, as you can see in the lower part of the chart.
BTC is hitting its main resistance around the $66,000 area but couldn’t break above, which was expected. Almost all the liquidity shelves above have been cleared, while there are plenty below on the chart.
I’m expecting a correction next week, at least to the $62,000 area to take out the EQL, and ideally down to $58,000. The ongoing situation with the FTX exchange should contribute to this decline ‼️
Bitcoin has been stagnant over the weekend, with no volatility at all, and the trading volumes are low too, as you can see in the lower part of the chart.
BTC is hitting its main resistance around the $66,000 area but couldn’t break above, which was expected. Almost all the liquidity shelves above have been cleared, while there are plenty below on the chart.
I’m expecting a correction next week, at least to the $62,000 area to take out the EQL, and ideally down to $58,000. The ongoing situation with the FTX exchange should contribute to this decline ‼️