Bitcoin (BTC) • Sell pressure strong despite significant demand
We failed to regain 36k. 😩
No reason to be bullish here despite the ongoing evidence of accumulation going on.
Orderbooks on Coinbase and Binance certainly look very strong but so is the incoming sell pressure. This selling might be related with recent shutdown and cracking down on mining facilities in China. Hey, this is just speculation but the trend is your friend at the end of the day.
Daily and Weekly Trends petty bearish at the moment but we still have a few support ranges just under us with a major one at 28k.
Let's take a second look following my previous video.
No reason to be bullish here despite the ongoing evidence of accumulation going on.
Orderbooks on Coinbase and Binance certainly look very strong but so is the incoming sell pressure. This selling might be related with recent shutdown and cracking down on mining facilities in China. Hey, this is just speculation but the trend is your friend at the end of the day.
Daily and Weekly Trends petty bearish at the moment but we still have a few support ranges just under us with a major one at 28k.
Let's take a second look following my previous video.
D7R
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