GM☀ Over the past two days, Bitcoin’s volatility has dropped back below 3%. I still prefer market conditions with volatility above 5%—those conditions are easier to trade, and both longs and shorts can make money. This week, Bitcoin is likely to range-trade within the 60–65k area. After the consolidation, the final direction will still be downward, and 60k will definitely be broken. Most likely, the direction will be chosen sometime in mid-month or at the beginning of next month.

BTC-0.82%
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