We're so back?/It's over ? ! BTC UPDATE !
BTCUSDT 4H1. On Sunday, 02.03, we saw a massive market pump due to the news about the potential creation of a cryptocurrency reserve.
2. In terms of volume, the price increase was not equivalent to the buyer's investment efforts - an obvious manipulative bearish divergence pump!
3.On Monday, we saw the price drop to pre-pump levels, and some people are already thinking about continuing the decline.
4.This drop was not accompanied by equivalent volumes of sellers and we can assume that it has stopped.
EXPECTATIONS: I see the pair rising to 94.460, then pulling back and rising to 98.000 (assuming no breaking news)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.