STATE OF THE MARKET
$BTC
As expected the Rally we had few days ago which saw $BTC break the $50k mark, with lot of coins flooding the Exchanges and Money minted too from different Stable coins, it was expected some whales will wanna cash out at the TOP of the current Bear market and a healthy correction is Thus expected as well.
The $48k didn't hold yesterday , which got us making out current support slightly above the $47k region, From the look of things, The Bears don't seems to be done yet, Hence we will advice to stay off Market for now till probably Thursday or Friday, when we expect trades back as usual.
If $47k fails to stand our Last stand will be between $45k-$46k which must stand to prevent a deadly Crash back to the $42k region, but most likely 44k.
Fill Your Bags at $46700 $45990 $44679 for swings, These are the crucial resting place should $47k/$46k fail to hold, beating $48,700 is a goal that must be achieved within next 24hrs to see a promising market and prevent us from going down further.
If the Daily candle closes above $46k today, then we should be back to $48/49k within next week ........
$BTC
As expected the Rally we had few days ago which saw $BTC break the $50k mark, with lot of coins flooding the Exchanges and Money minted too from different Stable coins, it was expected some whales will wanna cash out at the TOP of the current Bear market and a healthy correction is Thus expected as well.
The $48k didn't hold yesterday , which got us making out current support slightly above the $47k region, From the look of things, The Bears don't seems to be done yet, Hence we will advice to stay off Market for now till probably Thursday or Friday, when we expect trades back as usual.
If $47k fails to stand our Last stand will be between $45k-$46k which must stand to prevent a deadly Crash back to the $42k region, but most likely 44k.
Fill Your Bags at $46700 $45990 $44679 for swings, These are the crucial resting place should $47k/$46k fail to hold, beating $48,700 is a goal that must be achieved within next 24hrs to see a promising market and prevent us from going down further.
If the Daily candle closes above $46k today, then we should be back to $48/49k within next week ........