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After 25 days bearish market and mindset finally we are turning bullish
Here are the multiple reasons why we should look for buying and at what levels (Not Here At $66K But Lower)
In last 24H $1.14B liquidated, out of these $1.14B around $1B were longs
These are those longs who thought from $75K or $80K $BTC will straight go back to $100K
Now they are almost erased
That is ultimate thing that move crypto market due to no regulation
Exchanges ultimate goal is to grab as much money as they can before market get regulated
As you can see in the image there almost no more liquidations on lower side so we can say market will move upside from here
If we look more deeply to determine actual buying level then we can say $64K are can be a best zone here is why?
First of all Liquidity sweep below MARCH 29 lows that will give a final blow to the late bulls before actual bullish move even start
Secondly the main support that I give 70% portion behind my current buying analysis is #Bitcoin electrical cost that is around $63.7K
So we can say $63K - $64.5K will remain our 50% buying zone second order we will place later maybe around $59K but 2nd order is not confirm yet
Focus on first buying order only
So If I conclude $63K - $64.5K will be our buying zone
I have place complete plot in front of you how actually I am going to plan my buying. So now before buying do your own research.
#BTC