“There is a light at the end of every tunnel. Some tunnels just happen to be longer than others.” - Ada Adams
Yesterday’s move was interesting. Even though we failed to break the $30k resistance level, we noted strong demand and interest in BTC below $29k. The fact that we failed to break higher suggests that we will continue to range with potential attempts of the $28.5k to catch liquidity.
The Bitcoin Risk Signal is high, the DXY and rates are pressuring risk assets, and FUD over Binance continues. We’re getting close to the next move up and anything below $28.9k seems like a good buy opportunity.
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