Bitcoin

When fear was dominating the market, I said that Bitcoin would rise to 61/62, and even after its drop to 57,800, I remained committed to my vision that we would reach the area of 61,252 / 62,600, which happened.

And today, after fear turned into optimism, I see that the picture warrants caution.

Unless we see a clear daily close above 62,600, I still expect a strong decline that could extend to the area of 55,000 – 56,000.

My position does not change with the change in the color of the candles or the mood of the traders.

Red candles do not scare me, nor do green candles tempt me.

My goal is not to agree with the majority opinion, but to read what the market is trying to do. That's why I focus on price action, liquidity, and market maker behavior, because what precedes the movement is more important than the movement itself.
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