CZ BINANCE sending Bitcoin to the bottom again?!
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At the moment, the price of Bitcoin has clearly hit the support level. Perhaps this level will be the key for a rebound to $28,500, or it is possible that CZ just won’t let go and the pressure will continue lower.
Technical: on the 3D chart, MM draws a double bottom, the “DD” pattern can work from the zone of $25,650-25,300 (squeeze). If my stop is blown to used (25,450), then in the “DD” working zone I will consider re-recruiting the long position.
For now there is hope for the current support level of $26,000, but when CZ writes “buy low, sell high” it is a little alarming and feels like some kind of trick. Just move your stops at no loss if possible and everything will be good)
I continue to hold a Long position from $25,450
At the moment, the price of Bitcoin has clearly hit the support level. Perhaps this level will be the key for a rebound to $28,500, or it is possible that CZ just won’t let go and the pressure will continue lower.
Technical: on the 3D chart, MM draws a double bottom, the “DD” pattern can work from the zone of $25,650-25,300 (squeeze). If my stop is blown to used (25,450), then in the “DD” working zone I will consider re-recruiting the long position.
For now there is hope for the current support level of $26,000, but when CZ writes “buy low, sell high” it is a little alarming and feels like some kind of trick. Just move your stops at no loss if possible and everything will be good)
I continue to hold a Long position from $25,450
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