Bitcoin - this FUD can break the pattern!

6 авг. 2023 г.

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Friends, I decided to add some thoughts to the previous post on bitcoin.

Technical: slightly corrected the "falling wedge" formation and now we have support around $28,350, where the price may go very soon...

Earlier, I wrote about FUD with BinanceUS that they allegedly want to close the exchange, but in fact there is nothing to close there ... as always, they want to make a molehill out of a molehill and seem to collapse the market.

Now a new FUD has arrived, already associated with the HUOBI exchange, that it is not solvent, and if the exchange is not solvent, then what does it mean? That's right - liquidity starts to leave the ship (exchange) in a panic and keep their babulets away from there because of this, the exchange may simply collapse, well, as long as we don’t observe this news on the surface of the day and there is nothing serious on the market, and the HUOBI representative herself replied that this is all only rumors... well, we all know how rumors can win back on the main asset. Just be careful guys now!

In general, a storm is approaching next week, although we may see something interesting on bitcoin before the opening of the new week, for example, a fat candle towards $28,000

So while we are following all the news and the market as a whole as closely as possible, I recommend abstaining from long positions for a while, it can be very dangerous.