After today's new ceasefire news, I don't really see much more news for at least a week or so. We also know that after markets close on Friday's that Orange Man tends to do something bearish. Then announces something on Monday for a pump. Whales do take this into account and it's very possible that they dump on retail who are super bullish on positive news. It's the whales chance to offload their bags for a profit. Bitcoin has been over extended for a couple of days now and feels only right for a pullback to the low $70,000 support.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.