Hi hive friends.
Hopefully all of you are fine. The way we see the Bitcoin market is stuck right now after the report. Some people were saying that it would come back down and see 20,000 within a day or two, but that didn't happen at all. But one danger is that Bitcoin is not even closing its daily candle above 25,200.
It has been trading in the same place for the last two or three days and this thing is dangerous the way it is going now, if it stays like this for a few more days it will go down. Within a year, it has reached 25,000 six times, but could not close its candle above, and this time also, it has reached 26,000, but then immediately went down and did not close on one of its candles.
The way this chart is showing that bitcoin has come back from 24100 is to see that if it stays like this for a few days, it may come down, but if it is given support here. Further, if the results of the FMSC meeting are also good, then we will see it go to 30 thousand comfortably.
The way we look at the hive chart, it's very similar to Bitcoin, we can see that like it came , it also came down and it touched the 38 second and now again. It has reached forty cents
