BTC UPDATE
Not the easiest market, to be honest. What can I say for sure — it is
not bullish since we broke the $58000 support downwards.
Moreover, $BTC broke the ascending trend line.
According to
technical analysis we must go to the $51500 - $50000 to retest this level.
My personal thoughts: the market is extremely overheated, we need a massive correction. There is no point in having $BTC above $50k if we still
can’t trade the most of altcoins.
Holding no position on Bitcoin for now, but want it to go deeper. Market needs some
rest.
