Bitcoin - Bitcoin reached 60 thousand dollars!
Bitcoin is below the EMA50 and EMA200 in the 4H timeframe and is trading in its descending channel
In case of risk aversion in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. But it is better to enter into sales position within the specified supply zone due to the reward to the more appropriate risk
If Bitcoin reaches the demand zones and continues to risk on sentiment in in the US stock market or invest in ETFs, you can enter into purchase position from these zones
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
In case of risk aversion in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. But it is better to enter into sales position within the specified supply zone due to the reward to the more appropriate risk
If Bitcoin reaches the demand zones and continues to risk on sentiment in in the US stock market or invest in ETFs, you can enter into purchase position from these zones
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
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