On Monday volatility is higher. As I said in my post, on weekends the market stays range bound and on Monday there is an upside or downside breakout.
That is exactly what happened. BTC tried many times to break the resistance level but buyers were not available. Because of that we saw a huge correction.
#Bitcoin has come down from $91K to $85,500 which is almost a 6.5% crash. But I am not worried about this dip because there was no major news behind this dump. The market dumped only because there were no buyers.
Because of this crash all altcoins were also affected. #Hive dropped 8% and is now close to $0.10 which is a strong support level.
There is a high chance that it will respect this level and after filling the FVG will again test the previous resistance level.
We will see... Fingers crossed.
THANK YOU!
