Although BTC is currently resting at the demand zone, there is no strength in the background to support a continuous rise. Over the past 2 days, prices inched up slightly but volume decreased significantly, which means there is no demand at the moment. New highs have failed and new lows are starting to form.
With this lacklustre reaction, now is a good time to short and see how it reacts around the 62,000 mark.
With this lacklustre reaction, now is a good time to short and see how it reacts around the 62,000 mark.
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