
The decline in Bitcoin has stopped. That’s a relief. It has reached and is being supported by a purple uptrend that formed over the past year. The first chart shows daily candles; the second shows 4-hour candles. As seen in the second chart, price briefly dipped downward before rebounding upward to recover—this is a much stronger support level, likely a fakeout. However, as covered in yesterday’s video, liquidity and trading volume remain low amid poor trading sentiment in the U.S. To maintain current price support and push for an upward move, both liquidity and trading volume must increase simultaneously. The U.S. midterm elections are approaching soon, and numerous attempts by the Republican Party and the Trump administration have been blocked by the Supreme Court. The outcome seems already decided. The key question now is when Trump will resume strikes against Iran. bitcoin:native #Bitcoin @realDonaldTrump
